3 Analysts Weigh In On Court Ruling Favoring Microsoft’s Activision Blizzard Deal: ‘A Major Black Eye For The FTC’

Shares of Activision Blizzard Inc (NASDAQ:ATVI)  rallied by 10% on Tuesday (before dropping 1% on Wednesday), after Federal Judge Jacqueline Scott Corley ruled in favor of Microsoft Corporation‘s (NASDAQ:MSFT) acquisition of the video game publisher behind the mega-popular “Call of Duty” franchise.

Wedbush Securities On Microsoft Corporation

Wedbush Securities analyst Daniel Ives maintained an Outperform rating and a $375 price target. Ives also described the District Court judge’s decision to deny the Federal Trade Commission’s (FTC) request for a preliminary injunction on the deal as a “major victory” for Microsoft.