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Fly News Breaks for March 29, 2017
ATVI
Mar 29, 2017 | 07:07 EDT
UBS analyst Eric Sheridan has raised his expectations for Activision Blizzard beyond 2017 as more detail on this year's slate and its future pipeline has become available. The analyst, who also is encouraged by the shift towards building engagement and steady monetization versus relying on hit games and sees the potential for improved margins given the shift in mix toward digital, raised his price target on Activision shares to $57 from $48 and keeps a Buy rating on the stock.
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