Josh Brown Weighs In On Take-Two

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Take-Two Interactive Software, Inc. TTWO reported a better-than-expected quarter on Monday, but Bank of America's analyst decided to downgrade the stock to Underperform.

Josh Brown revealed on CNBC's "Fast Money Halftime Report" that he finds the call reasonable because the stock has already traded sharply higher, from $100 to $176. The stock almost doubled and the business is probably not twice better now, explained Brown.

He said this is a tough call because the company repeatedly reports earnings that exceed expectations and it has hot properties in one of the most important areas of entertainment right now. But the stock has gone up a lot and it ' more expensive here than he wants to pay for it.

Posted In: MediaCNBCFast Money Halftime ReportJosh Brown
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