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Fly News Breaks for January 10, 2020
ATVI
Jan 10, 2020 | 05:06 EDT
Stifel analyst Drew Crum raised his price target for Activision Blizzard to $70 from $65 and reiterates a Buy rating on the shares. The analyst says his positive stance on the shares is largely predicated on a "robust" game slate for Blizzard, which he notes begins this year. This should drive improving fundamentals over the coming periods, Crum tells investors in a research note. Further, the Call of Duty franchise has earned back some investor confidence with the better than expected performance of Modern Warfare, adds the analyst.
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