GameStop (GME) Tops Q3 EPS by 10c, Revenues Beat, Comp. Sales Up 1.4%; Offers FY18 EPS Outlook Below Consensus

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Go back to GameStop (GME) Tops Q3 EPS by 10c, Revenues Beat, Comp. Sales Up 1.4%; Offers FY18 EPS Outlook Below Consensus

GameStop (GME) PT Lowered to $9 at Benchmark

November 30, 2018 7:36 AM EST

Benchmark analyst Mike Hickey lowered the price target on GameStop (NYSE: GME) to $9.00 (from $10.00) while maintaining a Sell rating.

Hickey commented, "Unsurprisingly, GME reduced its FY18 earnings view by 17% after weaker than anticipated new/used software sales, higher promotional expenses and a mix shift... More