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Fly News Breaks for May 19, 2016
TTWO
May 19, 2016 | 09:18 EDT
Sterne Agee CRT says that Take-Two has had some negative catalysts recently, including its expectation of lower sales of GTA V and GTA Online going forward and lack of a Red Dead launch in fiscal 2017. Nonetheless, the firm thinks that long-term investors will remain "intrigued" by the name, given the company's statement that its results will improve in fiscal 2018 and its disclosure that Rockstar will soon reveal future projects. Sterne keeps a $42 price target and Buy rating on the shares.
News For TTWO From the Last 2 Days
