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GME

GameStop

$7.58

-0.01 (-0.13%)

09:14
06/03/19
06/03
09:14
06/03/19
09:14

GameStop price target lowered to $8 form $10 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered his price target on GameStop to $8 and kept his Hold rating ahead of its earnings tomorrow. The analyst cites the "weakening investor sentiment" in the retail sector and expects investors to focus on the company's assessment of performance of high-profile releases, the turnaround efforts of its new CEO, and the expectations for the upcoming E3 gaming industry conference. Given the "continued secular decline" in GameStop's core videogame business, Chukumba believes that the steep discount relative to its historical valuations is warranted.

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GME GameStop
$7.58

-0.01 (-0.13%)

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).
05/20/19
FBCO
05/20/19
NO CHANGE
Target $7
FBCO
Underperform
Credit Suisse remains cautious on GameStop, cuts target to $7
Credit Suisse anayst Seth Sigman lowered his price for GameStop to $7 from $10 after evaluating the opportunity for the company to improve its profitability and create shareholder value. The analyst believes that GameStop's key loyalty drivers, Pre-owned and Power Up, are under pressure, and that its cost initiatives alone won't be enough to offset that. Sigman envisions bigger changes to its stores and product assortment, but that may take time and require more spending, still leaving forecasts at risk. He reiterates an Underperform rating on the shares.

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BA

Boeing

$344.09

-25.04 (-6.78%)

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GMVHF

GVC Holdings

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EYE

National Vision

$22.98

-0.94 (-3.93%)

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CI

Cigna

$167.11

2.3 (1.40%)

, HUM

Humana

$289.59

4 (1.40%)

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CI

Cigna

$167.11

2.3 (1.40%)

HUM

Humana

$289.59

4 (1.40%)

UNH

UnitedHealth

$245.59

1.84 (0.75%)

WCG

WellCare

$274.54

0.09 (0.03%)

HNT

Health Net

$0.00

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MOH

Molina Healthcare

$123.03

1.47 (1.21%)

TEVA

Teva

$7.50

-0.26 (-3.35%)

AZN

AstraZeneca

$43.86

-0.25 (-0.57%)

BMY

Bristol-Myers

$53.02

0.6 (1.14%)

LLY

Eli Lilly

$108.68

0.24 (0.22%)

GSK

GlaxoSmithKline

$42.52

0.04 (0.09%)

JNJ

Johnson & Johnson

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-8.47 (-6.22%)

MRK

Merck

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0.88 (1.05%)

NVS

Novartis

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PFE

Pfizer

$36.46

(0.00%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$46.13

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ANTM

Anthem

$249.55

0.3 (0.12%)

CVS

CVS Health

$66.17

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CNC

Centene

$46.92

-0.28 (-0.59%)

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COP

ConocoPhillips

$53.99

-0.55 (-1.01%)

08:03
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ConocoPhillips stock looking cheap following selloff, Barron's says »

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AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

, NFLX

Netflix

$275.40

-17.88 (-6.10%)

08:00
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Comcast stacking up better than investors might expect, Barron's says »

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AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

NFLX

Netflix

$275.40

-17.88 (-6.10%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$45.58

-0.36 (-0.78%)

T

AT&T

$38.46

0.64 (1.69%)

DIS

Disney

$130.91

-1.46 (-1.10%)

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AKS

AK Steel

$2.45

0.055 (2.30%)

, MT

ArcelorMittal

$14.58

0.03 (0.21%)

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On The Fly
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AKS

AK Steel

$2.45

0.055 (2.30%)

MT

ArcelorMittal

$14.58

0.03 (0.21%)

NUE

Nucor

$51.69

-0.11 (-0.21%)

STLD

Steel Dynamics

$28.71

-0.04 (-0.14%)

TMST

TimkenSteel

$5.42

-0.015 (-0.28%)

X

U.S. Steel

$10.72

0.1 (0.94%)

GM

General Motors

$36.19

-0.01 (-0.03%)

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AAVMY

ABN Amro

$0.00

(0.00%)

, BBVA

Banco Bilbao

$5.38

0.07 (1.32%)

04:55
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Conference/Events
Institute of International Finance to hold annual meeting »

2019 IIF Annual Meeting…

AAVMY

ABN Amro

$0.00

(0.00%)

BBVA

Banco Bilbao

$5.38

0.07 (1.32%)

BCS

Barclays

$8.48

0.11 (1.31%)

BLK

BlackRock

$445.26

-5.56 (-1.23%)

BNPQY

BNP Paribas

$0.00

(0.00%)

C

Citi

$69.76

0.16 (0.23%)

CAIXY

CaixaBank

$0.00

(0.00%)

CIB

Bancolombia

$49.65

0.12 (0.24%)

CS

Credit Suisse

$12.34

0.045 (0.37%)

EV

Eaton Vance

$44.07

-0.49 (-1.10%)

GS

Goldman Sachs

$206.61

0.13 (0.06%)

HSBC

HSBC

$38.72

-0.165 (-0.42%)

JPM

JPMorgan

$120.60

0.21 (0.17%)

MA

MasterCard

$270.90

-5.74 (-2.07%)

MCO

Moody's

$217.41

-1.33 (-0.61%)

MS

Morgan Stanley

$43.70

0.25 (0.58%)

NYT

New York Times

$29.76

0.21 (0.71%)

PYPL

PayPal

$101.25

-2.38 (-2.30%)

RBS

RBS

$6.14

0.205 (3.46%)

RY

Royal Bank of Canada

$81.49

0.38 (0.47%)

SMFG

Sumitomo Mitsui

$6.87

-0.04 (-0.58%)

SPGI

S&P Global

$250.62

-2.15 (-0.85%)

STT

State Street

$63.40

3.69 (6.18%)

UBS

UBS

$11.35

0.09 (0.80%)

V

Visa

$175.83

-2.11 (-1.19%)

ZURVY

Zurich Insurance

$0.00

(0.00%)

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STT

State Street

$63.40

3.69 (6.18%)

20:09
10/18/19
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Upgrade
State Street rating change at Keefe Bruyette »

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SUN

Sunoco

$32.43

0.32 (1.00%)

19:53
10/18/19
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19:53
Upgrade
Sunoco rating change at BMO Capital »

Sunoco upgraded to Market…

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TLF

Tandy Leather

$4.61

(0.00%)

18:24
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Hot Stocks
Tandy Leather CFO Castillo to step down »

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TLF

Tandy Leather

$4.61

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Tandy Leather says most recent annual report statements not reliable »

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AAPL

Apple

$236.29

0.99 (0.42%)

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JPM

JPMorgan

$120.60

0.21 (0.17%)

, FB

Facebook

$185.96

-4.435 (-2.33%)

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JPMorgan CEO says Libra 'a neat idea that will never happen,' Reuters says »

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JPM

JPMorgan

$120.60

0.21 (0.17%)

FB

Facebook

$185.96

-4.435 (-2.33%)

PYPL

PayPal

$101.25

-2.38 (-2.30%)

MA

MasterCard

$270.90

-5.74 (-2.07%)

V

Visa

$175.83

-2.11 (-1.19%)

EBAY

eBay

$38.82

-0.31 (-0.79%)

BKNG

Booking Holdings

$2,012.20

-16.43 (-0.81%)

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GLD

SPDR Gold Shares

$140.47

-0.13 (-0.09%)

17:52
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10/18
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Hot Stocks
SPDR Gold Shares holdings rise to 924.64MT from 918.19MT »

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TECK

Teck Resources

$16.48

0.11 (0.67%)

17:43
10/18/19
10/18
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Hot Stocks
Teck Resources gets approval for stock buyback for up to 40M class B shares »

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  • 24

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OSK

Oshkosh

$77.22

0.46 (0.60%)

17:41
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Hot Stocks
Oshkosh awarded $159.14M Army contract for medium tactical vehicle production »

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OVLY

Oak Valley Bancorp

$16.40

-0.16 (-0.97%)

17:35
10/18/19
10/18
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Earnings
Oak Valley Bancorp reports Q3 EPS 40c vs. 37c last year »

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FTNW

FTE Networks

$0.79

-0.0185 (-2.29%)

17:21
10/18/19
10/18
17:21
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17:21
Hot Stocks
FTE Networks receives noncompliance notice from NYSE American »

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TNXP

Tonix Pharmaceuticals

$0.45

0.0048 (1.07%)

17:12
10/18/19
10/18
17:12
10/18/19
17:12
Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

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RLMD

Relmada Therapeutics

$20.18

1.07 (5.60%)

17:10
10/18/19
10/18
17:10
10/18/19
17:10
Syndicate
Breaking Syndicate news story on Relmada Therapeutics »

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16:55
10/18/19
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General news
Breaking General news story  »

Dallas Federal Reserve…

NWSA

News Corp.

$13.48

-0.19 (-1.39%)

, NWS

News Corp

$13.79

-0.11 (-0.79%)

16:51
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Periodicals
Facebook reaches pact with News Corp., others for news section, WSJ says »

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NWSA

News Corp.

$13.48

-0.19 (-1.39%)

NWS

News Corp

$13.79

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FB

Facebook

$185.96

-4.435 (-2.33%)

NYT

New York Times

$29.76

0.21 (0.71%)

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WAIR

Wesco Aircraft

$11.01

0.01 (0.09%)

16:46
10/18/19
10/18
16:46
10/18/19
16:46
Conference/Events
Wesco Aircraft to host special shareholder meeting »

Special Shareholder…

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  • 24

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FOMX

Foamix

$3.15

-0.09 (-2.78%)

16:41
10/18/19
10/18
16:41
10/18/19
16:41
Hot Stocks
Breaking Hot Stocks news story on Foamix »

Foamix up 7.5% at $3.35…

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