GameStop Raises $2.8 Million for St. Jude Children’s Research Hospital®

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Go back to GameStop Raises $2.8 Million for St. Jude Children’s Research Hospital®

Wedbush Cuts Price Target on GameStop (GME) Ahead of Holiday Sales Release

January 11, 2016 8:05 AM EST

Wedbush maintained an Outperform rating GameStop (NYSE: GME), and cut the price target to $42.00 (from $45.00), ahead of the company's Holiday Sales report. Wedbush expects GameStop to lower the high ends of its comps guidance ranges to reflect weaker-than-expected new software sales while leaving EPS guidance unchanged.

Analyst Michael Pachter commented, "We expect GameStop to lower the high ends of its comps... More