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Benchmark Raises Price Target on Activision Blizzard (ATVI) to $32.53 Following EPS Beat
August 6, 2015 8:45 AM EDTBenchmark reiterated a Buy rating on Activision Blizzard (NASDAQ: ATVI), and raised the price target to $32.53 (from $30.78), following 2Q15 results. Sales were $759M, above both guidance at $650M and Street estimate at $667M. Adjusted EPS was $0.13 Beating guidance at $0.07 and Street estimate at $0.08.
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