Pachter drops price targets on THQ and Acti-Blizz

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


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.