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Fly News Breaks for September 11, 2019
GME
Sep 11, 2019 | 07:41 EDT
Benchmark analyst Mike Hickey, who called GameStop's disappointing Q2 sales report and weak FY19 profitability guidance a "Chernobyl experience," does not expect investor sentiment to improve and sees "questionable valuations on current fundamentals" as "inherently flawed." He maintains a Sell rating on the stock following the company's earnings report and lowered his price target on GameStop shares to $3 from $5.
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