BMO Capital analyst Gerrick Johnson raised the firm’s price target on Activision Blizzard (ATVI) to $100 from $95 and keeps an Outperform rating on the shares. The news that the UK Competition and Markets Authority has decided to block the acquisition by Microsoft (MSFT) was disappointing, but the company’s pre-announced Q1 results were "very strong", highlighting its success in turning around its business and growing its core franchises while positioning it well as a standalone entity, the analyst tells investors in a research note.
Published first on TheFly
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