Activision Blizzard (ATVI) PT Lowered to $62 at Bernstein
Bernstein analyst Todd Juenger lowered the price target on Activision Blizzard (NASDAQ: ATVI) to $62.00 (from $72.00) while maintaining a Market Perform rating.
"Right now, there are clearly issues with Destiny (reach), Overwatch (monetization), and no major Blizzard launch scheduled (compounded by q's about China)," Juenger wrote.
They also lower FY19 EPS from $2.81 to $2.77 and FY20 $3.45 to $2.92.