Activision Blizzard (ATVI) PT Raised to $44 at Cowen
Cowen Doug Creutz reiterated an Outperform rating and boosted his price target on Activision Blizzard (NASDAQ: ATVI) to $44.00 (from $35.00).
The analyst commented, "After further assessing Activision's Q3 results and the impact of the King deal, we are raising our price target from $35 to $44 based on our pro-forma estimates reflecting the King combination, and we are elevating ATVI to our top overall investment idea."
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Shares of Activision Blizzard closed at $35.82 yesterday.