BMO Capital analyst Gerrick Johnson downgraded Take-Two Interactive to Market Perform from Outperform and cut his price target to $116 from $135, telling investors in a research note that he is "concerned" expectations for the Red Dead Redemption 2 release could be overly optimistic and sees a risk to earnings from a potential slowdown in Grand Theft Auto and NBA 2K. Though he expects the titles to perform well, he contends that solid performance is already factored into estimates.
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