GameStop (GME) Bullish Stance Reiterated at Baird Following Holiday Sales Update
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Pacific Crest Upgrades GameStop (GME) to Outperform
January 14, 2015 7:13 AM ESTPacific Crest upgraded GameStop (NYSE: GME) from Underperform to Outperform with a price target of $48.00.
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 $32.77 yesterday.
... MoreUPDATE: GameStop (GME) Holiday Comps Decline 3.1%; Updates Q4, FY14 Comps Outlook
January 13, 2015 4:06 PM EST(Updated - January 13, 2015 4:07 PM EST)
GameStop Corp. (NYSE: GME) reported sales results for the nine-week holiday period ended January 3, 2015.
Total global sales for the holiday period were $2.94 billion, a 6.7% decline compared to the 2013 holiday sales period, or -4.0% in constant currency. Due to the current strength of the U.S. dollar, the companys sales were negatively impacted by foreign currency exchange rates as described in this release.
Total comparable store sales decreased 3.1%, comprised of -3.3% in the U.S. and -2.7% internationally. By month, Novembers comparable store sales... More
