Activision Blizzard (ATVI) Receives Jefferies Increase

NEW YORK (TheStreet) -- After beating estimates on fourth-quarter earnings, Activision Blizzard (ATVI) has received an update from Jefferies.

The investment firm has upped its price target of the video game publisher to $25, noting upcoming product releases have high upside.

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TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of B. The team has this to say about their recommendation:

"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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