Jefferies analyst Alex Giaimo raised his price target for Take-Two Interactive Software to $125 from $115 saying core franchises drove an "impressive beat" in fiscal Q1. The "encouraging" quarter improves the analyst's confidence in the staying power of Take-Two's core franchises. Giaimo, who acknowledges that the company's fundamentals are strong, views valuation as "the biggest hurdle." He keeps a Hold rating on the shares.
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