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According to Piper Jaffray, Take-Two Interactive
TTWO price target is raised to $13.
Piper Jaffray said that Take-Two announced that Max Payne 3 (MP3) had slipped to May-12 (Q1 FY13) from the prior Mar-12 (Q4 FY12) ship date. “As a result, Take-Two reduced FY12 guidance to $770-$890m in revenue and ($0.60)- $0.25). Alone, the slip represents a modest disappointment.”
Take-Two Interactive closed yesterday at $14.82.
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