After GameStop provided weaker than expected Q2 guidance and the stock fell, SunTrust says that the guidance was "lackluster." However, the firm says that many other retailers provided conservative Q2 guidance, but their shares dropped much less than those of GameStop. The firm adds that the the company's new software sales are expected to drop 4%-7% in Q2, but it says the decline is consistent with Q1 levels. Finally, SunTrust says that the company's Q1 results were "good," while GameStop's sector has a number of upcoming catalysts, including virtual reality and potential console updates. It reiterates a Buy rating on the shares.