Stifel Downgrades Activision Blizzard to Hold, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Drew Crum has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold, while raising the price target from $88 to $95.
July 12, 2023 | 9:32 am
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Activision Blizzard has been downgraded from Buy to Hold by Stifel, but the price target has been raised from $88 to $95.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term. However, the raised price target indicates an expectation of long-term growth. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100