Benchmark Downgrades Activision Blizzard to Hold, Announces $90 Price Target
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Mike Hickey has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold and set a price target of $90.
July 12, 2023 | 10:49 am
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NEGATIVE IMPACT
Activision Blizzard has been downgraded from Buy to Hold by Benchmark, with a price target of $90.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100