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ATVI - Activision Blizzard Inc News Story

$62.71 -0.7  -1.0%

Last Trade - 3:05pm

Sector
Technology
Size
Large Cap
Market Cap £37.54bn
Enterprise Value £35.13bn
Revenue £5.00bn
Position in Universe 222nd / 6408

BUZZ-Activision Blizzard: Brokerages positive on upcoming titles, next console cycle

Fri 10th January, 2020 2:21pm
** Shares of videogame maker  ATVI.O  up ~1% at $59.95
premarket - on track to rise after two straight sessions of
losses
    ** At least two brokerages raise PT to $70; current median
PT is $62
    ** Jefferies lifts PT by $2, says it prefers ATVI over
rivals Electronic Arts  EA.O  and Take-Two Interactive  TTWO.O ,
given its upcoming content slate including "Diablo 4" and
"Overwatch 2", which is likely to roll out in 2021 or 2022
    ** Says ATVI's 100%-owned games allows it to benefit from
future trends in game like streaming and e-sports
    ** Stifel says the upcoming games along with the next
console launches, expected in the holiday season of 2020, should
benefit ATVI 
    ** Brokerage also sees upside from the release of "Warcraft
Reforged" in Q1 and approval of "Call of Duty: Mobile" in
Mainland China
    ** Hikes ATVI PT by $5 to $70, implying ~18% upside to
stock's last close 
    ** Current avg rating is "buy"
    ** Stock rose ~28% in 2019

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 0341;))
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