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Fly News Breaks for February 7, 2020
ATVI
Feb 7, 2020 | 07:50 EDT
Wedbush analyst Michael Pachter raised his price target for Activision Blizzard to $76 from $69 and maintained an Outperform rating, saying the company's Q4 results were nearly exactly what he had modeled, with guidance roughly in line with expectations. Activision Blizzard could deliver outsized EPS growth from a strong pipeline and byscaling King ads, accelerating mobile, and making some titles free-to-play, Pachter tells investors in a research note.
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