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Fly News Breaks for September 9, 2019
ATVI
Sep 9, 2019 | 05:01 EDT
Stifel analyst Drew Crum added Activision Blizzard to his firm's Select List and boosted his price target for the shares to $65 from $57. The stock closed Friday at $54.58. The analyst sees possible upside for Call of Duty: Modern Warfare, which launches on October 25, as he believes expectations "have been generally lower." Further, BlizzCon 2019 could serve as a share catalyst while Activision's fundamentals should improve in 2020 against an easy comp, Crum tells investors in a research note. He keeps a Buy rating on the shares.
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