UPDATE - UBS Initiates Coverage on THQ (THQI) with a Neutral; On the Right Path but Limited Catalysts
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Price: $0.31 --0%
Rating Summary:
0 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 2 | New: 9
Rating Summary:
0 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 2 | New: 9
Trade THQI Now!
UPDATE - UBS initiates coverage on THQ (Nasdaq: THQI) with a Neutral rating. PT $4.45.
UBS analyst says, "We believe THQ has properly realigned its cost structure with a focus on fewer/higher quality titles. However, we prefer to remain on the sidelines due to a lack of near-term catalysts in addition to stagnation in the packaged goods game industry. We expect FY11 revenue of $820MM (-8% Y/Y). We remain concerned about the fighting genre and predict a soft holiday launch of WWE SmackDown! vs. Raw."
To see all the upgrades/downgrades on shares of THQI, visit our Analyst Ratings page.
Shares are trading at $3.95, down $0.05 (-1.25%)
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UBS analyst says, "We believe THQ has properly realigned its cost structure with a focus on fewer/higher quality titles. However, we prefer to remain on the sidelines due to a lack of near-term catalysts in addition to stagnation in the packaged goods game industry. We expect FY11 revenue of $820MM (-8% Y/Y). We remain concerned about the fighting genre and predict a soft holiday launch of WWE SmackDown! vs. Raw."
To see all the upgrades/downgrades on shares of THQI, visit our Analyst Ratings page.
Shares are trading at $3.95, down $0.05 (-1.25%)
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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