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Fly News Breaks for July 25, 2017
ATVI
Jul 25, 2017 | 09:12 EDT
MKM Partners analyst Eric Handler predicts that Activision's Q2 results will beat expectations. However, he has become more upbeat on the company's outlook due to what he calls "the positive response" to the company's COD: WWII game, due to be released in November. The analyst raised his 2017 EPS estimate for the company 9% to $2.05 and hiked his 2018 EPS estimate 22% to $2.50. However, he keeps a Neutral rating on the stock, citing valuation.
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