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Fly News Breaks for June 27, 2016
GME
Jun 27, 2016 | 07:55 EDT
As noted earlier, Telsey upgraded GameStop to Outperform from Market Perform. As reasons for the upgrade, the firm cited valuation, the company's high dividend yield, the "transformation" of its business towards higher growth areas, and its belief that virtual reality will boost gaming. Target remains $35.
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