Activision (ATVI) will trade in a range of $65-$101 on a stand-alone basis - Oppenheimer

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Raymond James Said to Defend Activision Blizzard (ATVI)

April 26, 2023 10:27 AM EDT

Raymond James Said to Defend Activision Blizzard (NASDAQ: ATVI)

"We would be buyers of ATVI on the pullback"... More

Truist maintains buy rating on Activision Blizzard (ATVI) after UK CMA blocks Microsoft deal

April 26, 2023 10:03 AM EDT

The UK Competition and Markets Authority on Wednesday moved to block Microsoft's (NASDAQ: MSFT) acquisition of Activision Blizzard (NASDAQ: ATVI), dealing a blow to the US tech giant, although it said it plans to appeal the decision.

ATVI shares are down more than 8% following the news, while Microsoft is up over 6%.

Reacting to the news, Truist analyst... More

Evercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'

April 26, 2023 9:26 AM EDT

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More