Goldman Sachs Neutral On GameStop

Goldman Sachs is out with a research report on GameStop Corp. (NYSE: GME) and it has a Neutral rating on shares.

In a note to clients, Goldman Sachs writes, "We continue to expect overall industry sales to decline (7%) in 2011, below GME's expectation for low-single-digit industry growth, which appears optimistic in light of recent trends despite a better game slate this fall, with multi-year levels implying double-digit declines in overall sales for 2011."

Shares of GME gained 90 cents yesterday to close at $21.44, a gain of 4.38%.