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GME

GameStop

$8.89

0.24 (2.77%)

08:43
04/24/19
04/24
08:43
04/24/19
08:43

GameStop names Raul Fernandez, Lizabeth Dunn to board

GameStop announced that it has appointed two new independent directors to its board -- Raul Fernandez and Lizabeth Dunn. GameStop said, "The appointments of Raul and Lizabeth were made pursuant to the company's previously announced cooperation agreement with Permit Capital Enterprise Fund, L.P. and Hestia Capital Partners L.P. Under the terms of the agreement, the company agreed to appoint a new independent director from among a group of candidates identified by Permit Capital and Hestia Capital to its board of directors, and Lizabeth is their nominee and joins the nominating and corporate governance and the compensation committees. GameStop also agreed to nominate an additional independent director and Raul is the company's nominee and joins the audit committee." "Raul and Lizabeth will stand for election at GameStop's 2019 Annual Meeting of Shareholders and, following the 2019 Annual Meeting, the GameStop board will comprise 11 directors, nine of whom are independent," the company added.

  • 10

    Jun

GME GameStop
$8.89

0.24 (2.77%)

03/08/19
BOFA
03/08/19
DOWNGRADE
Target $9
BOFA
Underperform
GameStop downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Curtis Nagle downgraded GameStop to Underperform from Neutral and lowered its price target to $9 from $12 based on expectations for a deterioration in fundamentals. Nagle said structural headwinds appear to be worsening, the turnaround opportunity is diminishing without permanent leadership and declining earnings, and valuation is being pressured after the company terminated efforts to sell the company in January.
03/08/19
03/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Buy at Buckingham with analyst Matthew Harrigan citing the stock's sensitivity to any market pullback, "investor angst" regarding what he calls "increasingly credible" competition from the Disney+ (DIS) streaming service and his concerns that his model for Netflix's long-term global membership growth may be optimistic given the rising competition. 2. GameStop (GME) downgraded to Underperform from Neutral at BofA/Merrill with analyst Curtis Nagle citing expectations for a deterioration in fundamentals. 3. Exxon Mobil (XOM) downgraded to Market Perform from Outperform at Cowen with analyst Jason Gabelman saying the company is shifting to a counter-cyclical investment stage, which may pay dividends long-term but he does not believe investors are willing to wait for results. 4. Etsy (ETSY) downgraded to Neutral from Buy at BTIG with analyst Marvin Fong saying the current stock price embeds a "fair amount of future improvement," which yields a risk/reward that is balanced. 5. National Beverage (FIZZ) downgraded to Sell from Neutral at Guggenheim with analyst Laurent Grandet saying he "drastically reduced" his LaCroix sales growth expectations and cut his gross margin and EPS estimates accordingly following the company's quarterly report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/03/19
BARD
04/03/19
NO CHANGE
Target $11
BARD
Neutral
GameStop outlooks 'warrant ongoing caution,' says Baird
GameStop reported Q4 results below expectations, driven by weakness in pre-owned revenue and margins consistent with the holiday sales report, Baird analyst Colin Sebastian tells investors in a research note titled "Turnaround Plan Still Under Wraps; Lowering Estimates." Despite a "deep value opportunity" in the shares, GameStop's "cloudy" near-term and longer-term outlooks "warrant ongoing caution," adds the analyst. He lowered his price target for the shares to $11 from $12 and keeps a Neutral rating on the name. Sebastian, however, is encouraged by GameStop's "more flexible" capital allocation strategy and expected focus of the new CEO on operational efficiency.
04/16/19
BARD
04/16/19
NO CHANGE
BARD
Sony 'PS5' details largely in line with expectations, says Baird
After Sony (SNE) shared details around its upcoming next-generation game console, widely referred to as the "PlayStation 5," Baird analyst Colin Sebastian said the details - including plans for significant GPU and CPU upgrades and the inclusion of a solid state hard drive - are largely in line with his expectations and support his view that the next generation of consoles should be "a major catalyst" for software sales in 2020-2021 and beyond. Sony's announcement that the next-gen console will include a physical disc drive is a potential positive for GameStop's (GME) used and pre-owned console software segments, added Sebastian. Video game software makers include Electronic Arts (EA), Take-Two (TTWO) and Activision Blizzard (ATVI).

TODAY'S FREE FLY STORIES

PES

Pioneer Energy

$0.28

0.0243 (9.48%)

08:40
06/27/19
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General news
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SJR

Shaw Communications

$20.33

-0.06 (-0.29%)

08:39
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Earnings
Shaw Communications reports Q3 EPS C$0.44 vs. (C$0.20) last year »

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  • 27

    Jun

AXL

American Axle

$12.05

0.25 (2.12%)

08:39
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08:39
Initiation
American Axle initiated  »

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CELG

Celgene

$92.41

-0.78 (-0.84%)

08:38
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08:38
Conference/Events
Breaking Conference/Events news story on Celgene »

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    Jun

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  • 25

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    Apr

INVH

Invitation Homes

$26.44

-0.63 (-2.33%)

, AMH

American Homes 4 Rent

$23.96

-0.38 (-1.56%)

08:38
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08:38
Recommendations
Invitation Homes, American Homes 4 Rent, Essex Property Trust, AvalonBay, Equity Residential, UDR, Inc. analyst commentary  »

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INVH

Invitation Homes

$26.44

-0.63 (-2.33%)

AMH

American Homes 4 Rent

$23.96

-0.38 (-1.56%)

ESS

Essex Property Trust

$286.29

-5.76 (-1.97%)

AVB

AvalonBay

$199.93

-3 (-1.48%)

EQR

Equity Residential

$75.09

-1.22 (-1.60%)

UDR

UDR, Inc.

$44.13

-0.96 (-2.13%)

03/08/13
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  • 27

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    Jul

PHUN

Phunware

$2.90

-0.39 (-11.85%)

08:38
06/27/19
06/27
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08:38
Hot Stocks
Phunware enters partnership with Wave Financial Group »

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08:37
06/27/19
06/27
08:37
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08:37
General news
Corporate Profits After-tax data reported »

Corporate Profits…

PAYS

Paysign

$12.04

-0.21 (-1.71%)

08:36
06/27/19
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Hot Stocks
Paysign appoints Matt Lanford as Chief Product Officer »

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RCII

Rent-A-Center

$25.27

-0.07 (-0.28%)

08:36
06/27/19
06/27
08:36
06/27/19
08:36
Hot Stocks
Rent-A-Center announces plan to initiate 25c per share quarterly dividend »

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VNE

Veoneer

$17.37

-0.065 (-0.37%)

08:36
06/27/19
06/27
08:36
06/27/19
08:36
Initiation
Veoneer initiated  »

Veoneer initiated with a…

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  • 27

    Jun

RNG

RingCentral

$110.98

-0.185 (-0.17%)

08:35
06/27/19
06/27
08:35
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08:35
Recommendations
RingCentral analyst commentary  »

RingCentral added as a…

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  • 13

    Nov

PFSW

PFSweb

$3.70

-0.1 (-2.63%)

08:35
06/27/19
06/27
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08:35
Hot Stocks
PFSweb engaged by Shiseido Americas to provide order fulfillment »

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  • 27

    Jun

GES

Guess

$15.22

0.51 (3.47%)

, AEO

American Eagle

$16.98

-0.19 (-1.11%)

08:35
06/27/19
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08:35
Recommendations
Guess, American Eagle analyst commentary  »

Jefferies reiterates Buys…

GES

Guess

$15.22

0.51 (3.47%)

AEO

American Eagle

$16.98

-0.19 (-1.11%)

03/08/13
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PFE

Pfizer

$43.00

-0.78 (-1.78%)

08:34
06/27/19
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Hot Stocks
Zenith announces dosing of first patient in Phase 1b/2 trial with Pfizer »

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  • 30

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  • 16

    Sep

DRRX

Durect

$0.70

0.0295 (4.40%)

08:33
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Durect submits response to FDA's Complete Response Letter for Posimir »

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08:33
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General news
Jobless Claims data reported »

Week of 6/22 Jobless…

CPS

Cooper-Standard

$44.63

1.43 (3.31%)

08:33
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Hot Stocks
Cooper-Standard names Aleksandra Miziolek as chief transformation officer »

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F

Ford

$9.90

0.06 (0.61%)

08:33
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Initiation
Ford initiated  »

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  • 03

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    Oct

EVOK

Evoke Pharma

$0.53

-0.0325 (-5.74%)

08:32
06/27/19
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Evoke Pharma request Type A FDA meeting for resubmission of Gimoti NDA »

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ONCS

OncoSec

$2.50

-0.11 (-4.21%)

08:32
06/27/19
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Hot Stocks
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ESPR

Esperion

$48.64

-0.36 (-0.73%)

08:31
06/27/19
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08:31
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08:31
Recommendations
Esperion analyst commentary  »

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SQBG

Sequential Brands

$0.50

-0.0049 (-0.98%)

08:30
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NBA player Montrezl Harrell signs multi-year sneaker, apparel deal with AND1 »

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