GameStop guidance may fall short of expectations, says RW Baird Baird expects GameStop to announce mixed Q4 results next Thursday. The firm sees weak hardware sales and software prices under pressure which could lead to negative comps and flat earnings. In addition, Baird believes the speculation on the restriction of used games is misguided as they feel competitive forces and consumer preferences will protect the used trade. Shares are Outperform rated with a $28 price target.
News For GME From The Last 14 Days
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GameStop estimates lowered on holiday discounts at BofA/Merrill BofA/Merrill lowered its Q4 estimates for GameStop citing a greater than expected holiday promotional environment. The firm cut its price target for shares to $59 from $69 but keeps a Buy rating on the name.