Market Overview

UPDATE: Sterne Agee Reiterates Buy Rating on GameStop Corporation on Company Focus

Related GME
Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
GameStop Beats Earnings Estimates; Shares Up 7%
GameStop Rallies on 1Q Beat, Console Sales (Fox Business)

In a report published by Sterne Agee, analyst Arvind Bhatia reiterated a Buy rating and $30 price target on GameStop Corporation (NYSE: GME).

Sterne Agee reported that, “1Q'13 Street estimates appear high to us in light of slower-than-expected recent industry trends. However, full-year Street estimates seem reasonable. Near-term risks notwithstanding, we believe GME's dominant market share in the space positions it well for the upcoming cycle. In addition, opportunities in mobile recommerce, a strong free cash flow yield, ongoing buybacks and a debt-free balance sheet keep us bullish on the stock.”

Shares of GameStop Corporation closed at $25.45 on Wednesday.

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GME)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters