GameStop (GME) PT Lowered to $5 at Benchmark

June 5, 2019 6:33 AM EDT
Get Alerts GME Hot Sheet
Price: $180.36 +0.84%

Rating Summary:
    3 Buy, 11 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Benchmark analyst Mike Hickey lowered the price target on GameStop (NYSE: GME) to $5.00 while maintaining a Sell rating.

The analyst comments "The latest GME management team iteration was uninspiring and lacked any coherent articulation of a tangible vision on how to transform the business, in our view. Despite a valuation that’s been ‘nuked’ and the $157M in annual savings from the terminated divided, GME lacked the courage to repurchase shares as management appears focused near term on learning the business."

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