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Fly News Breaks for February 12, 2020
ATVI
Feb 12, 2020 | 07:11 EDT
SunTrust analyst Matthew Thornton raised his price target on Activision Blizzard to $68 and kept his Buy rating after its Q4 results. The analyst is positive on the company's "strong core IP and franchises" as well as its deep game pipeline and leadership in merchandising. Thornton contends that Activision Blizzard should continue to benefit from the growth of gaming and the rise of e-sports.
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