Stifel analyst Drew Crum says that Take Two's upcoming "Red Dead Redemption 2" game is "an event-driven catalyst and a reason to own the shares." The analyst is also generally upbeat on the company's other games and says that its large cash position enable it to benefit from industry consolidation. He raises his price target on the shares to $59 from $52 and keeps a Buy rating on the stock.
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here