BofA/Merrill Lynch analyst Justin Post downgraded Activision Blizzard (NASDAQ: ATVI) from Buy to Neutral with a price target of $77.00 (from $84.00).

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 $73.00 yesterday.