Sterne Agee Raises Estimates On Activision Blizzard

According to Sterne Agee, Activision Blizzard ATVI estimates are raised. Sterne Agee said that ATVI handily beat 2Q consensus estimates and also raised full-year guidance. “We are raising our CY11/CY12 EPS estimates by $0.04/$0.03 to $0.79/$0.87, respectively. Reiterating Buy and $15 target.” Activision Blizzard closed yesterday at $11.82.