MKM Partners Reiterates a 'Buy' on Activision Blizzard (ATVI); Fuel From Diablo
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Price: $15.61 +0.45%
Rating Summary:
13 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ATVI Now!
MKM Partners reiterates a 'Buy' on Activision Blizzard (NASDAQ: ATVI) price target of $17.00.
Analyst, Eric Handler, said, "Based on the 2Q outperformance, partially offset by a more conservative (and likely beatable) outlook for 2H12 we are raising our 2012 EPS to an above guidance $1.04 (+12%) from our prior $1.00 projection. We are lowering our 3Q12 EPS to $0.10 (+34%) from our prior $0.13 estimate. This expectation is ahead of guidance of $0.07. Ongoing sales for Diablo 3 and contributions from the online auction house plus the launch of World of Warcraft: Mists of Pandaria should drive upside relative to guidance. A high level of digital revenue could produce an operating margin of roughly 22% compared to management’s 15% expectation."
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 $11.77 yesterday, with a 52 week range of $10.40-$14.40.
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Analyst, Eric Handler, said, "Based on the 2Q outperformance, partially offset by a more conservative (and likely beatable) outlook for 2H12 we are raising our 2012 EPS to an above guidance $1.04 (+12%) from our prior $1.00 projection. We are lowering our 3Q12 EPS to $0.10 (+34%) from our prior $0.13 estimate. This expectation is ahead of guidance of $0.07. Ongoing sales for Diablo 3 and contributions from the online auction house plus the launch of World of Warcraft: Mists of Pandaria should drive upside relative to guidance. A high level of digital revenue could produce an operating margin of roughly 22% compared to management’s 15% expectation."
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 $11.77 yesterday, with a 52 week range of $10.40-$14.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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