Brean Murray Initiates Coverage on Activision-Blizzard (ATVI) with a Buy
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Brean Murray initiates coverage on Activision-Blizzard (Nasdaq: ATVI) with a Buy. Price target $15.
Brean analyst says, "We believe Activision represents the best way to play the favorable industry dynamics in the interactive entertainment sector given the company's robust 2009 game slate, predictable business model, and excellent management team, which has a long history of delivering positive shareholder returns. With upcoming catalysts such as the E3 trade show, hardware price cuts, and a number of significant titles for the back-end of the year, we recommend investors use market-related pullbacks to aggressively buy shares."
To see more analyst ratings on ATVI Click Here.
Activision Blizzard Inc., formerly Activision, Inc., is an online and console game publisher.
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