Barclays Downgrades Activision Blizzard to Equal-Weight, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Gee has downgraded Activision Blizzard (NASDAQ:ATVI) from Overweight to Equal-Weight, while raising the price target from $90 to $95.
July 13, 2023 | 12:50 pm
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Activision Blizzard has been downgraded by Barclays from Overweight to Equal-Weight, but the price target has been raised from $90 to $95.
The downgrade from Overweight to Equal-Weight suggests that Barclays sees less upside potential in Activision Blizzard's stock. However, the increase in price target from $90 to $95 indicates that they still expect the stock to perform well, just not as well as previously expected. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100