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Pachter drops price targets on THQ and Acti-Blizz

Monday, 3rd November 2008 13:32 GMT By Patrick Garratt

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It’s all going wrong. Ish. Wedbush Morgan’s Michael Pachter and heavily reduced 12-month price targets on THQ and Activision Blizzard after doing the same with EA last week.

The analyst is now aiming for $14 on THQ, down from $22. Activision Blizzard’s hot spot is now $18, said Pachter, down from $22.50.

He reduced his target on EA from $53.50 to $38 on Friday.

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