Truist Securities Downgrades Activision Blizzard to Hold, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Matthew Thornton has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold, while raising the price target from $84 to $95.
July 13, 2023 | 9:00 am
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NEUTRAL IMPACT
Activision Blizzard has been downgraded from Buy to Hold by Truist Securities, but the price target has been raised from $84 to $95.
The downgrade from Buy to Hold suggests that Truist Securities sees limited upside potential for Activision Blizzard in the short term. However, the raised price target indicates that they still see long-term value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100