GameStop (GME) Holiday Comps Fall 18.7%, Reiterates Prior Guidance
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Baird Cuts Price Target on GameStop (GME) Following Holiday Results
January 17, 2017 8:44 AM ESTBaird maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $24.00 (from $25.00), following holiday results. Limited unit availability for popular hardware (Nintendo's NES Classic and PS VR) could not offset larger-than-expected declines in overall new hardware sales. Sales of new... More
Wedbush Cuts Price Target on GameStop (GME) to $28; Reiterates Outperform
January 17, 2017 7:56 AM ESTWedbush maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $28.00 (from $30.00), following weak holiday. The shortfall was from weaker-than-expected industry sales (particularly hardware), promotional pricing pressure, and lower in-store traffic on a digital mix shift.
Analyst Michael... More
