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.
April NPD video game software sales rose 13%, says Piper Jaffray Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).