Activision Blizzard: Jefferies maintains buy rating

(CercleFinance.com) - Jefferies reinstates its "buy" rating on Activision Blizzard shares, along with a target price of 95 dollars, following the video-game publisher's release of what it described as "decent, against muted expectations " for Q2.


"Vanguard continues to struggle, but Modern Warfare II and Warzone 2.0 are on the horizon, almost every Blizzard IP has a major release in the next 12 months, and King remains stable, while the rest of mobile falters", the broker summarises.

"While the MSFT deal could and should get most of the near-term focus, ATVI itself is putting together its most robust 18 months of content perhaps ever", it adds.


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