BTIG analyst Brandon Ross lowered his price target on Activision Blizzard to $63 and also reduced his FY19 EPS view to $2.72 from $3.20 to reflect the retreat in consensus estimates after the company's "revealed weakness" in its Q3 earnings call. The analyst also points to the "uncertainty around Blizzard's release schedule and the severance of a deal with Bungie which meant the loss of the Destiny franchise". Longer term, Ross keeps his Buy rating on the stock and expects Activision Blizzard to re-accelerate growth next year as the management optimizes its cost structure while also pursuing a "large mobile opportunity", adding that its 2020 catalysts include Overwatch expansion and Diablo 4 launch.