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Fly News Breaks for August 9, 2019
ATVI
Aug 9, 2019 | 07:54 EDT
Morgan Stanley analyst Brian Nowak raised his price target for Activision Blizzard to $57 from $55 after the company reported a "clean beat" in Q2 as slight weakness in the King mobile segment was offset by stronger than expected performance in other areas. He is encouraged by the company's expense discipline and expects successful new game launches, including Call of Duty Mobile and Call of Duty Modern Warfare, later this year, Nowak tells investors. He keeps an Overweight rating on Activision Blizzard shares.
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