Take-Two (TTWO) Bioshock Infinite Push Back 'Inconsequential' - Analyst

December 7, 2012 3:02 PM EST
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This morning Take-Two Interactive (NASDAQ: TTWO) announced that Bioshock Infinite is getting pushed back four weeks, to March 26 from its prior February 26 release date. MKM analyst Eric Handler said the financial impact of this intra-quarter delay will likely to be "inconsequential".

"The decision to push back the launch is related to 'final polish and bugfixing'. While delays remain a frustrating situation for Take-Two we are pleased to see that blogger comments from a recent hands-on demonstration for Bioshock Infinite have been overwhelmingly positive," said Handler.

MKM Partners has a Buy rating on Take-Two Interactive (NASDAQ: TTWO) with a price target of $15.00

For an analyst ratings summary and ratings history on Take-Two Interactive click here. For more ratings news on Take-Two Interactive click here.

Shares of Take-Two Interactive closed at $12.19 yesterday.

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