MKM Partners says THQ (THQI) Execution Has Been Poor, Cuts PT
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Price: $0.31 --0%
Rating Summary:
0 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
0 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade THQI Now!
THQ (NASDAQ: THQI), a developer and publisher of interactive entertainment software, still has a lot to prove, according to analysts at MKM Partners.
THQ recently reported better than expected 1QFY12 results and showed off a scaled down cost structure. However, analysts say they continue to view THQ as a company with too few “must have” franchises.
"[This] provides limited visibility into when (or if) THQ can achieve meaningful profits or generate positive FCF," said Eric Handler, Media, Entertainment, and Video Game Analyst at MKM.
"As the firm progresses with its (yet another) new business strategy focused on core game franchises and digital initiatives we prefer to remain on the sidelines as THQ’s execution has been poor this console cycle," added Handler.
MKM has a Neutral rating on THQ Inc. (NASDAQ: THQI). Today they cut their price target on the stock to $6.00 (from $7.50)
For an analyst ratings summary and ratings history on THQ Inc. click here. For more ratings news on THQ Inc. click here.
Shares of THQ Inc. closed at $4.91 yesterday, with a 52 week range of $0.45-$6.08.
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THQ recently reported better than expected 1QFY12 results and showed off a scaled down cost structure. However, analysts say they continue to view THQ as a company with too few “must have” franchises.
"[This] provides limited visibility into when (or if) THQ can achieve meaningful profits or generate positive FCF," said Eric Handler, Media, Entertainment, and Video Game Analyst at MKM.
"As the firm progresses with its (yet another) new business strategy focused on core game franchises and digital initiatives we prefer to remain on the sidelines as THQ’s execution has been poor this console cycle," added Handler.
MKM has a Neutral rating on THQ Inc. (NASDAQ: THQI). Today they cut their price target on the stock to $6.00 (from $7.50)
For an analyst ratings summary and ratings history on THQ Inc. click here. For more ratings news on THQ Inc. click here.
Shares of THQ Inc. closed at $4.91 yesterday, with a 52 week range of $0.45-$6.08.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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