UBS Downgrades Activision Blizzard to Neutral, Raises Price Target to $96
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Eric Sheridan has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Neutral, while raising the price target from $95 to $96.
July 20, 2023 | 9:51 am
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NEUTRAL IMPACT
Activision Blizzard has been downgraded to Neutral from Buy by UBS, but the price target has been raised to $96.
The downgrade from Buy to Neutral suggests that UBS sees limited upside potential for ATVI in the short term. However, the increase in price target indicates that UBS still sees some potential for growth. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100