GameStop Shares Fall as Piper Jaffray Shows Concern with Wii U Sales, Cuts 2013 Estimates
Shares of GameStop (NYSE: GME) are leading the video game sector lower Thursday afternoon following some cautious comments from Piper Jaffray's Michael Olson. The stock is down more than five percent to around $26.14.
Olson is concerned with sales of Wii U and lowered his installed base estimates for next year. The analyst reduced sales, same-store sales and earnings estimates for 2013.
Olson maintains a Neutral rating and $14 price target.
Latest Ratings for GME
|Mar 2015||B Riley||Downgrades||Buy||Neutral|
|Jan 2015||Pacific Crest||Upgrades||Underperform||Outperform|
|Jan 2015||Credit Suisse||Maintains||Neutral|
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