UPDATE: Ascendiant Capital Markets Raises PT on Take-Two Interactive, Expects Strong FY14

Ascendiant Capital Markets analyst Edward Woo has reiterated its Buy rating for Take-Two Interactive

and has increased its target price from $17.00 to $22.00. On why Ascendiant reiterated its buy rating for TTWO, Woo stated, "We expect the company to have a strong FY14 led by GTA V. In addition, the company is expected to benefit from the extension of the MLB license for one more year (at what we believe will be much improved economics). Take-Two also recently acquired the WWE video game license from THQ and will be releasing a WWE video game this holidays." Take-Two closed at $16.39 on Monday and is trading up 3.47 percent since market open.