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Fly News Breaks for September 11, 2019
GME
Sep 11, 2019 | 07:17 EDT
Baird analyst Peter Benedict noted GameStop reported another disappointing quarter but said management outlines a new strategy to improve profitability and drive deeper customer engagement. The analyst believes despite the new focus, the near-term impact of an eroding console cycle is likely to more than offset any material improvements. Benedict maintained his Neutral rating and $6 price target on GameStop shares.
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