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GME

GameStop

$14.65

-0.37 (-2.46%)

08:37
11/30/18
11/30
08:37
11/30/18
08:37

GameStop 'has zero terminal value,' says Benchmark

Benchmark analyst Mike Hickey said he was not surprised that GameStop reduced its FY18 earnings view and free cash flow guidance given the weaker than anticipated new/used software sales, higher promotional expenses and a mix shift towards lower margin hardware sales evidenced in its Q3 report. The company appears "lost at sea" and its management team "lacks investor credibility," said Hickey, who believes GameStop "has zero terminal value." He sees the "Hail Mary" effort to sell the remainder of the company running up against "limited reasonable financial outcomes that would encourage a potential bid," Hickey added. The analyst keeps a Sell rating on GameStop shares and lowered his price target on the stock to $9 from $10.

GME GameStop
$14.65

-0.37 (-2.46%)

11/30/18
WEDB
11/30/18
NO CHANGE
Target $18
WEDB
Outperform
GameStop sale to private equity 'imminent,' says Wedbush
Wedbush analyst reiterated an Outperform rating and $18 price target on GameStop following the company's mixed Q3 results and lowered FY18 guidance, telling investors in a research note that the threat from the digital mix shift is being overshadowed by the proposed Spring Mobile sale. Additionally, the analyst says he believes that a sale of GameStop to private equity is "imminent," as he thinks that if the continuation of GameStop as a standalone entity were a likelihood, the company would have identified CEO candidates since the departure of its CEO over six months ago.
11/30/18
LOOP
11/30/18
NO CHANGE
Target $13
LOOP
Hold
GameStop price target lowered to $13 from $15 at Loop Capital
Loop Capital analyst Anthony Chukumba lowered his price target on GameStop to $13 and kept his Hold rating after its Q3 results, saying he found the guidance reduction for the rest of 2018 as "troubling", particularly the "dramatic reduction" in its free cash flows. The analyst notes that the current "secular headwinds" give him little hope that performance will improve significantly any time soon.
11/29/18
BARD
11/29/18
NO CHANGE
Target $14
BARD
Outperform
GameStop quarter 'mixed' on disappointing pre-owned segment sales, says Baird
Baird analyst Colin Sebastian writes that GameStop Q3 results have come in mixed, with better than expected earnings but a lowered Q4 guidance given the "weakness in pre-owned sales and underperformance from recent sales promotions." The analyst states that the low guidance reflects the company's mix shift toward lower-margin hardware from high-margin software. Sebastian also keeps his Outperform rating and $14 price target on GameStop, adding that "importantly", the company is still in "discussions regarding potential strategic alternatives, including a potential sale".
11/26/18
WEDB
11/26/18
NO CHANGE
WEDB
Sony appeared to be video game hardware winner on Black Friday, says Wedbush
Wedbush analyst Michael Pachter notes that each of the four game retailers he tracked, namely Best Buy (BBY), GameStop (GME), Target (TGT) and Walmart (WMT) offered the Marvel's Spider-Man PlayStation 4 Bundle that included a slim PS4 with a 1TB hard drive and Sony's (SNE) Marvel's Spider-Man for $199.99, as well as the Microsoft's (MSFT) Xbox One S Minecraft Creators Bundle that included an Xbox One S with a 1TB hard drive, a Minecraft full game download, the Starter Pack, the Creators Pack, and 1,000 Minecoins for $199.99. Nintendo's (NTDOY) primary hardware offering was less compelling given that it was priced at the console's standard MSRP, he adds. The only sell-out that the analyst saw over Black Friday was the primary PS4 deal. Pachter expects the Black Friday deals to eventually translate into permanent price cuts for the base PS4 and Xbox One, possibly by this Christmas.

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LYV

Live Nation

$66.17

-1.55 (-2.29%)

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DRH

DiamondRock

$9.86

-0.085 (-0.86%)

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$11.18

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Pure Storage

$19.84

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Intuit

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AES

AES Corp.

$18.50

-0.115 (-0.62%)

19:08
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Earnings
AES backs FY19 adjusted EPS view $1.30-$1.38, consensus $1.33 »

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WM

Waste Management

$111.23

-1.305 (-1.16%)

, RSG

Republic Services

$86.78

-0.91 (-1.04%)

19:07
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Initiation
Waste Management, Republic Services, Waste Connections, Clean Harbors, Stericycle, Casella Waste, Covanta initiated  »

Jefferies initiates…

WM

Waste Management

$111.23

-1.305 (-1.16%)

RSG

Republic Services

$86.78

-0.91 (-1.04%)

WCN

Waste Connections

$89.54

-0.28 (-0.31%)

CLH

Clean Harbors

$84.70

-0.75 (-0.88%)

SRCL

Stericycle

$62.49

0.76 (1.23%)

CWST

Casella Waste

$43.70

-0.39 (-0.88%)

CVA

Covanta

$14.43

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AES

AES Corp.

$18.50

-0.115 (-0.62%)

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  • 04

    Dec

ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

, BTC

Bitcoin

$0.00

(0.00%)

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ICE announces launch of Bakkt Bitcoin Cash Settled Monthly Futures contract »

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ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

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MAN

ManpowerGroup

$92.05

-0.355 (-0.38%)

18:51
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Initiation
ManpowerGroup initiated at Jefferies »

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RHI

Robert Half

$58.01

-0.38 (-0.65%)

18:48
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Initiation
Robert Half initiated at Jefferies »

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HTZ

Hertz

$15.37

0.265 (1.76%)

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CAR

Avis Budget

$28.71

0.16 (0.56%)

18:44
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Initiation
Avis Budget initiated at Jefferies »

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AMD

AMD

$39.52

-1.45 (-3.54%)

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CTAS

Cintas

$253.61

-5.78 (-2.23%)

, BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

18:42
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Initiation
Cintas, Bright Horizons, Aramark, H&R Block, BrightView, Rollins, ServiceMaster initiated at Jefferies »

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CTAS

Cintas

$253.61

-5.78 (-2.23%)

BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

ARMK

Aramark

$42.42

-1.37 (-3.13%)

HRB

H&R Block

$24.34

-0.15 (-0.61%)

BV

BrightView

$16.79

-2.525 (-13.08%)

ROL

Rollins

$35.77

-0.8 (-2.19%)

SERV

ServiceMaster

$36.16

-0.42 (-1.15%)

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  • 21

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PINE

Alpine Income Properties

$0.00

(0.00%)

18:34
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Syndicate
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  • 22

    Nov

OTTW

Ottawa Bancorp

$13.39

-0.39 (-2.83%)

18:28
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MSFT

Microsoft

$149.46

-0.14 (-0.09%)

18:27
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  • 02

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SITC

Site Centers

$14.28

-0.275 (-1.89%)

18:24
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Site Centers rating change at Stifel »

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UAL

United Airlines

$90.96

-0.72 (-0.79%)

, BA

Boeing

$366.47

-4.275 (-1.15%)

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UAL

United Airlines

$90.96

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BA

Boeing

$366.47

-4.275 (-1.15%)

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  • 03

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FAST

Fastenal

$35.15

-0.1 (-0.28%)

, GWW

Grainger

$312.66

0.305 (0.10%)

18:20
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Initiation
Fastenal, Grainger, HD Supply, MSC Industrial, Wesco initiated at Jefferies »

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FAST

Fastenal

$35.15

-0.1 (-0.28%)

GWW

Grainger

$312.66

0.305 (0.10%)

HDS

HD Supply

$39.10

-0.21 (-0.53%)

MSM

MSC Industrial

$73.66

-0.125 (-0.17%)

WCC

Wesco

$53.09

-0.02 (-0.04%)

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  • 10

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SPGI

S&P Global

$264.34

-3.6 (-1.34%)

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IHS Markit

$71.62

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SPGI

S&P Global

$264.34

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INFO

IHS Markit

$71.62

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VRSK

Verisk Analytics

$144.45

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IT

Gartner

$158.00

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FDS

FactSet

$258.20

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EFX

Equifax

$137.97

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TRU

TransUnion

$84.90

-1.34 (-1.55%)

CSGP

CoStar Group

$587.66

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  • 02

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GPS

Gap

$16.22

-0.05 (-0.31%)

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