Activision Blizzard Games PERFORM and 4 Fresh Stock Insights
Activision Blizzard, Inc. (NASDAQ:ATVI): According to Cowen, channel checks show that Activision Blizzard’s “World of Warcraft” and “Call of Duty” are still on track to support above consensus estimates. The firm also mentions other multi-year growth drivers such as the company’s Bungie franchise and the possibility for the next new console. Shares have an Outperform rating.
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hiSoft Technology International Ltd. (NASDAQ:HSFT) is still one of Cowen’s top picks in the China ITS universe due to solid fundamentals; low exposure to China, Europe, and financial services; and manageable revenue concentration. Shares have an Outperform rating.
Costco Wholesale Corporation (NASDAQ:COST) price target was raised by Baird due to its market position, defensive sales, and exposure to customers with high income. Shares have an Outperform rating.
Western Digital Corp. (NYSE:WDC) price target was reduced by Baird after Seagate (NASDAQ:STX) and Hutchinson Technology’s (NASDAQ:HTCH) negative preannouncements. The firm also noted macro headwinds as well as the possibility for a soft PC market. Shares have a Neutral rating.
Informatica Corporation (NASDAQ:INFA) target was decreased by Stifel Nicolaus following the company’s preannouncement concerning weaker than expected results for Q2. The firm remains “somewhat skeptical” regarding the company’s 2H12 guidance, but keeps a Buy rating on the stock.
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