UPDATE: Ascendiant Capital Markets Reiterates Buy Rating, Raises PT on GameStop
In a report published Friday, Ascendiant Capital Markets reiterated its Buy rating on GameStop Corp. (NYSE: GME), and raised its price target from $23.00 to $29.00.
Ascendiant Capital noted, “We believe that attractive valuation and strong cash flow generation should offset concerns. GameStop has a new $500 million share repurchase program (based on today's share price, this may have a potential EPS impact of up to $0.70/year). GameStop's dividend ($0.25/share per quarter) is attractive as this equates to an annualized yield of 4%.”
GameStop Corp. closed on Thursday at $24.21.
Latest Ratings for GME
|Apr 2014||Bank of America||Upgrades||Neutral||Buy|
|Feb 2014||Longbow Research||Downgrades||Neutral||Underperform|
|Jan 2014||BMO Capital||Maintains||Market Perform|
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