UPDATE: Stifel Initiates Coverage on GameStop Corp. on Multiple Positive Catalysts

In a report published Tuesday, Stifel analyst David Schick initiated coverage on GameStop Corp. GME with a Buy rating and $65.00 price target. In the report, Stifel noted, “We are initiating coverage of GameStop Corp. (GME) with a Buy rating. We see a multi-stage change in perceptions having begun – about the gaming cycle, GME's competitive position within the sector, and top/bottom-line estimates.” GameStop Corp. closed on Monday at $54.88.