Goldman Sachs Boosts Target and Estiamtes on Activision Blizzard (ATVI)

Goldman Sachs raised its price target on Activision Blizzard, Inc. (Nasdaq: ATVI) from $14 to $16, representing 27% upside. The firm also raised estimates for 2009, 2010 and 2011.

The firm expects Activision Blizzard to gain share with a industry-leading holiday slate. The firm is maintaining their Buy rating and Conviction Buy List status.

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