Citigroup Downgrades Activision Blizzard to Hold, Raises Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jason Bazinet has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold, while raising the price target from $90 to $95.
July 20, 2023 | 8:22 am
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NEUTRAL IMPACT
Activision Blizzard has been downgraded by Citigroup from Buy to Hold, but the price target has been raised from $90 to $95.
The downgrade from Buy to Hold suggests that Citigroup sees limited upside potential for Activision Blizzard in the short term. However, the raised price target indicates that they still see some growth potential. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100