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CFRA is recommending to sell ATVI despite doing very well. Yes this 2nd quarter was lower than the first but it seems unless a company increases every quarter they are either downgraded or in this case sell. Funny how opinions differ so drastically. Motley Fool just wrote a stellar review today of the future of ATVI.

Read for yourself:

CFRA REITERATES STRONG SELL OPINION ON SHARES OF ACTIVISION BLIZZARD, INC.Font size: A | A | A
11:44 AM ET 8/4/17 | CFRA
We raise our 12-month target by $7 to $58. Peers have a median forward P/E of 28.4X and P/E-to-growth of 1.4. Using these multiples and averaging the outputs results in our target. We raise our EPS estimates for '17 to $2.10 from $1.99 and '18 to $2.50 from $2.41. ATVI posts Q2 non-GAAP (redefined) EPS of $0.55 vs. $0.38, noting some accounting changes, above the S&P Capital IQ consensus of $0.31. Total revenue rose only 4%, with digital channels up 15% and retail down 30%. We see weakness at King and view eSports as a longer-term opportunity. We still see ATVI as overvalued.
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