Cowen Upgrades Take-Two Interactive (TTWO) to Outperform

Cowen upgraded Take-Two Interactive (NASDAQ: TTWO) from Neutral to Outperform with a price target of $36.00 (from $32.00), saying the stock is too cheap.

Analyst Doug Creutz commented, "We are upgrading TTWO shares to Outperform, and raising our price target from $32 to $36, in recognition of the fact that the company's baseline earnings power is remarkably improved. We now believe the company can average $2 EPS per year over the lifecycle of a single GTA release, which we conservatively estimate to be six years."

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 $27.55 yesterday.

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