Fly News Breaks for February 10, 2020
Feb 10, 2020 | 09:29 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Activision Blizzard to $70 and kept his Outperform rating after its Q4 earnings beat, also noting that while its FY20 revenue guidance was below consensus, the management tends to "guide conservatively". The analyst adds that the company's plans to "circle the wagons" around its core franchises appear "promising" given the improvement shown with its Call of Duty and World of Warcraft, and that Activision should be well set up to leverage its "robust" content slate next year.
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