UPDATE: Brean Capital Reiterates on Activision Blizzard as Company is Managing Well Against Industry Headwinds

In a report published Friday, Brean Capital analyst Todd Mitchell reiterated a Buy rating on Activision Blizzard (NASDAQ: ATVI ), and raised the price target from $20.00 to $22.00. In the report, Brean Capital noted, “Activision beat expectations with a 12% decline in revenue to $2.27 billion and a nearly