Activision Blizzard actions bode well for continued growth, says Brean Capital Brean Capital believes strong execution and a concentrated portfolio will bode well for the future growth of Activision Blizzard. As such they remain buyers of the shares. Shares are Buy rated with a $20 price target.
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Activision Blizzard has a lot riding on second half of 2014, say Brean Capital Brean Capital does not expect much from Activision Blizzard's Q1 results but is getting more comfortable due to a couple of factors and sees a lot riding on the second half of the year. The firm cited two titles showing strong March sales, one of its titles being the number one downloaded iTunes application, and pent up demand for net-gen releases. Shares are Buy rated and price target increased to $23 from $22.