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Fly News Breaks for December 16, 2015
GME
Dec 16, 2015 | 05:45 EDT
Piper Jaffray analyst Michael Olson says GameStop's holiday comp, expected early-to-mid January, is typically a source of weakness for the stock. The event, however, has consistently proven to be a buying opportunity, Olson tells investors in a research note. He lowered his estimates for the retailer and dropped his price target for shares to $42 from $43. Olson keeps an Overweight rating on GameStop citing valuation.
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