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Fly News Breaks for December 31, 2019
ATVI
Dec 31, 2019 | 06:55 EDT
Credit Suisse analyst Stephen Ju raised his price target on Activision Blizzard to $69 and kept his Outperform rating, also boosting his FY20 EPS view by 11c to $2.39. The analyst notes the company's previously announced release slate expectations and his assumption for a "longer-term product roam map", with Warcarft III release date being pushed back to the end of January and his estimates for CoD Modern Warfare title sales rising from 21M to 22M. Ju also remains positive on Activision's ability to produce "high-quality franchise content" and for its management to execute "consistently", further citing the company's position in the sector transition to online and mobile gaming.
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