GameStop Reserves All of Its Initial Nintendo Switch™ Allocation

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Go back to GameStop Reserves All of Its Initial Nintendo Switch™ Allocation

Baird Cuts Price Target on GameStop (GME) Following Holiday Results

January 17, 2017 8:44 AM EST

Baird 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 EST

Wedbush 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