Goldman Sachs Removed GameStop (GME) from their Conviction Buy List

Goldman Sachs removed GameStop Corp. (NYSE: GME) from their Conviction Buy List, but maintains a Buy rating, to reflect less upside to near-term earnings, after the company reaffirmed its original guidance without narrowing or increasing the range.

The firm trimmed their Q3 EPS estimates by 2 cents, to $0.32, which is now 1 cent below the high end. The firm's 2010 EPS estimates were lowered from $2.91 to $2.89, and 2011 from $2.82 to $2.80.

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