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Fly News Breaks for January 12, 2016
GME
Jan 12, 2016 | 13:03 EDT
Piper Jaffray analyst Michael Olson attributes the selloff in shares of GameStop to the 10% decline reported in holiday new software sales. The holiday comp report has consistently been a source of weakness for the stock, Olson tells investors in a research note. However, following the comp report has historically been an opportune time to the buy the name, the analyst contends. He keeps an Overweight rating on GameStop with a $42 price target.
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