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Fly News Breaks for July 11, 2019
ATVI
Jul 11, 2019 | 08:45 EDT
Jefferies analyst Alex Giaimo assumed coverage of Activision Blizzard with a Buy rating and lowered his price target for the shares to $56 from $60. The analyst calls Activision his top pick in Interactive Entertainment. He believe 2020 will be the "payoff year." Late 2019 catalysts will lead to modest multiple expansion, Giaimo tells investors in a research note.
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