Wedbush added Activision Blizzard (ATVI) to its Best Ideas List as it believes that Microsoft’s (MSFT) proposed acquisition of the company is highly likely to be completed within the next 6 months. If correct, investors are set to lock in a $95 per share deal price. Analyst Michael Pachter has an Outperform rating and a price target of $95.
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Published first on TheFly
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