GameStop (GME) Tops Q1 EPS by 10c, Revs Miss; Eliminates Dividend

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GameStop (GME) PT Lowered to $8 at Macquarie

June 5, 2019 8:41 AM EDT

Macquarie analyst Ben Schachter lowered the price target on GameStop (NYSE: GME) to $8.00 (from $11.00) while maintaining a Neutral rating.

GME cut its dividend to zero and outlined a high-level turnaround strategy.Mgmt.s plan is to reduce costs, optimize... More