Market Overview

GameStop Shares Fall as Piper Jaffray Shows Concern with Wii U Sales, Cuts 2013 Estimates

Related GME
Worst Performing Industries For December 24, 2014
Top 4 Stocks In The Electronics Stores Industry With The Highest EPS
Stocks Rally on China Rate Cut, Dovish Draghi (Fox Business)

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.

Shares of Activision Blizzard (NASDAQ: ATVI) are down about two percent at last check; shares of EA (NASDAQ: EA) are down just over two percent.

Latest Ratings for GME

DateFirmActionFromTo
Nov 2014Bank of AmericaMaintainsBuy
Nov 2014Credit SuisseMaintainsNeutral
Nov 2014Telsey AdvisoryDowngradesOutperformMarket Perform

View More Analyst Ratings for GME
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

Related Articles (ATVI + EA)

Around the Web, We're Loving...

Get Benzinga's Newsletters