Sterne Agee Raises Estimates On Activision Blizzard

According to Sterne Agee, Activision Blizzard (NASDAQ: 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.