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Fly News Breaks for February 19, 2019
ATVI
Feb 19, 2019 | 07:00 EDT
Stifel analyst Drew Crum lowered his estimates for Activision Blizzard to reflect more conservative assumptions following the company's mixed Q4 results and weaker than expected 2019 guidance. However, he sees the announced restructuring as necessary and continues to favor the stock for the longer-term. Crum keeps a Buy rating on the shares, but trimmed his price target for Activision Blizzard to $52 from $57.
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