Activision Blizzard (ATVI): Blizzcon Update - Jefferies

November 7, 2016 7:24 AM EST
Get Alerts ATVI Hot Sheet
Price: $36.79 -1.6%

Rating Summary:
    20 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Jefferies analyst, Brian Fitzgerald, reiterated his Buy rating on shares of Activision Blizzard (NASDAQ: ATVI) after returning from BlizzCon, where 25K attendees cheered various product announcements.

The biggest announcement was the creation of a new pro eSports league for Overwatch. Over time, ATVI aspires to build the NFL and ESPN of video games, and the new league will serve as a foundation upon which this business is built. ATVI is already working to identify potential team owners that will purchase the initial franchises.

No change to the price target of $55.

For an analyst ratings summary and ratings history on Activision Blizzard click here. For more ratings news on Activision Blizzard click here.

Shares of Activision Blizzard closed at $41.70 yesterday.

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