Loading...
Loading...
Piper Jaffray upgraded Gamestop Corporation
GME from Neutral to Overweight and raised the price target from $23.00 to $28.00.
Piper Jaffray commented, "GME faces long-term secular headwinds, but we are positive on near-term fundamentals (post a lackluster '12 holiday) due to what we expect will be a strong 1H'13 software release slate. Additionally, "bad news" of Wii U missing expectations is behind us. Also, certainty of GTA and next gen console existence and timing is firming up. Based on these factors, we are upgrading GME to OW. Regarding 1H'13 software, the period appears set up to be better than current consensus thinking."
GameStop Corporation closed at $23.50 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in