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Fly News Breaks for July 9, 2018
GME
Jul 9, 2018 | 06:40 EDT
Jefferies analyst Stephanie Wissink started GameStop with a Buy rating and $18 price target. Under potential new leadership with a well defined vision and execution plan, the stock's valuation discount could be removed, Wissink tells investors in a research note. The analyst, who admits her view on the stock is contrarian and its macro headwinds are "stiff," believes GameStop's free cash flow and inherent value is "overlooked and overly discounted."
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