Sterne Agee Maintains Buy, $30 PT on GameStop

Sterne Agee reiterates its Buy rating and $30 PT on GameStop (NYSE: GME) on CES highlights from the company's management, which point to the company gaining share on the market.

Sterne Agee notes, "We think GME gained approximately 500bps of software market share in November, and we feel that the company gained share in December as well. This is significant because GME typically loses market share during the holidays. Additionally, inventory levels appear to be in good shape exiting the Holiday Season."

GME closed at $24.23 per share on Tuesday.