GameStop (GME) Was Big Holiday Loser - Pacific Crest
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Price: $19.16 -0.36%
Rating Summary:
3 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
Rating Summary:
3 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
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Pacific Crest said GameStop (NYSE: GME) appears to be the big holiday loser as digital and e-commerce increasingly eat into its business.
"GameStop's business model is being seriously challenged, and we would stay away from it in the near- to midterm," analyst Wilson said.
The firm maintained a Sector Weight on GME.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $28.47 yesterday.
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