Activision Blizzard assumed with an Outperform at Wedbush

Wedbush analyst Nick McKay assumed coverage of Activision Blizzard (ATVI) with an Outperform rating and $95 price target. The firm continues to expect Microsoft (MSFT) to close its proposed acquisition of Activision Blizzard over the next several months, and once the companies sign legally binding agreements that address concepts such as game availability, pricing, quality, and release timing, regulatory concerns around the potential for lessening of competition should largely subside, paving the way for the deal’s completion in relatively short order, the analyst tells investors in a research note.