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Fly News Breaks for March 21, 2018
GME
Mar 21, 2018 | 06:07 EDT
Loop Capital analyst Anthony Chukumba keeps his Buy rating and $26 price target on GameStop ahead of next week's earnings, saying investors will likely focus on the company's FY18 guidance as well as its turnaround plans under the new CEO Michael Mauler given the "windfall" tax savings. Chukumba believes that core video game results stabilized last year, and the stock warrants a "significantly" higher valuation than the current 4.3-times forward PE multiple, which is a "substantial" discount to its historical and averages.
News For GME From the Last 2 Days
GME
Apr 25, 2024 | 11:05 EDT
