THQ To Meet FQ3 Expectations
Analyst Todd Mitchell of Kaufman Brothers maintains his "buy" rating on THQ Inc (NASDAQ: THQI). The target price for THQI is set to $8.
THQ is scheduled to report its FQ3 2010 results on February 3. “We think management dialed back expectations for the quarter far enough that a miss is unlikely,” the analyst says.
“With a solid release of Darksiders we now have greater confidence that THQ will be able to report higher fiscal 4Q10 and 2010 revenue,” the analyst mentions. “In 2010, we believe an increase in the units/SKU in the packaged goods business and a growing percentage of higher margin digital revenues will provide THQ strong operating leverage even if the demand environment continues to be weak,” Kaufman Brothers adds.
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