GameStop price target raised to $57 from $50 at RW Baird Baird raised its price target on GameStop following solid Q2 results and raised guidance. The firm cited expectations for a return to positive comp sales, improved visibility for a second half ramp, and continued product momentum. Shares are Outperform rated.
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.