Brean Murray Initiates Coverage on THQ, Inc. (THQI) with a Hold
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Brean Murray initiates coverage on THQ, Inc. (Nasdaq: THQI) with a Hold.
Brean analyst says, "While we believe UFC Undisputed is likely to be a hit, pre-sales for Red Faction Guerilla are off to a slow start and key franchise properties under the WWE and Nickelodeon banners are expected to decline YoY, suggesting FY10 may prove challenging post F1Q results. With tough macro conditions still in place and a highly competitive holiday release slate for the industry, we think THQ shares fairly reflect the strong early reception for UFC Undisputed against the greater uncertainty later in the year. We believe further evidence that THQ's internal development efforts can consistently deliver the hit games needed to drive leverage through the model will be needed for the stock to work higher from current levels."
To see more analyst ratings on THQI Click Here.
THQ Inc. (THQ) is a worldwide developer and publisher of interactive entertainment software for all game systems, including home video game consoles, such as Microsoft Xbox 360, Microsoft Xbox, Nintendo Wii, Nintendo GameCube, Sony PlayStation 3 and Sony PlayStation 2.
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