UBS Maintains a 'Neutral' on Take-Two Interactive (TTWO); Mixed Qtr; Guidance Below Expectations

UBS maintains a 'Neutral' on Take-Two Interactive (NASDAQ: TTWO) price target raised from $14.50 to $16.50.

UBS analyst says, "TTWO delivered a mixed Dec quarter with strong contribution from NBA 2K12 (Oct ’11 release) and catalog titles (Grand Theft Auto, Red Dead Redemption, Midnight Club Los Angeles, and Borderlands). Continued strong performance from L.A. Noire (2011 top-selling new IP in gaming, per NPD sales data) also contributed to results...Strong pipeline of owned IP titles bodes well for FY13."

UBS lowers FY12 EPS from (0.52) to (0.66) and FY13 from $2.89 to $2.87.


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 $16.20 yesterday, with a 52 week range of $10.63-$17.58.

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