Activision Blizzard overhang should be partially removed, says Sterne Agee Sterne Agee believes that the secondary offering of Activision (ATVI) shares announced by Vivendi (VIVHY) partially removes an overhang on Activision's stock. The firm believes that Activision declined to acquire the shares because it lacked the flexibility to do so. The firm expects Activsion's stock to outperform in the near to medium term. It keeps a $24 price target and Buy rating on the shares.
December NPD video game software sales dropped 2%, says Piper Jaffray Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).