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Fly News Breaks for January 14, 2020
GME
Jan 14, 2020 | 08:54 EDT
Loop Capital analyst Anthony Chukumba keeps his Hold rating and $4 price target on GameStop after the company reported a miss in its Holiday Period sales and indicated that its FY19 results are tracking "significantly worse than in the last year". The analyst maintains however that GameStop still has a fairly healthy balance sheet and "optionality" around the upcoming video game console refresh cycle.
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