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Fly News Breaks for November 23, 2015
GME
Nov 23, 2015 | 13:12 EDT
Piper Jaffray analyst Michael Olson, in an update note on GameStop following the company's Q3 report and associated call, said that the company is "clearly" seeing some impact from higher digital software sales, as evidenced in its weaker than expected Q3 results. Olson, who added that he would expect digital expansion to ease this coming quarter and expects video game sector trends to be strong into 2016, keeps an Overweight rating on the stock but lowered his price target to $43 from $57.
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