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Fly News Breaks for August 14, 2019
ATVI
Aug 14, 2019 | 07:11 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Activision Blizzard to $43 but kept his Market Perform rating after its Q2 results last week. The analyst notes that the earnings beat was primarily due to the favorable expense timing, while the raise in guidance was only 1c per share when excluding the "unanticipated unrealized gain". Johnson recommends that investors remain on the sidelines until there is greater visibility in its potential to generate profitable growth.
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