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GameStop Moves Ahead
Nice move today in GameStop (GME - Analyst Report) shares, up over 11% as I’m writing this. The company reported robust sales for the 9-week holiday season ending January 3.
Comp-store sales increased 10.2% and total sales spiked 22.3% over the year-ago period. Management also boosted its fourth quarter earnings per share from $1.29-$1.34 to $1.31-$1.34.
Despite a difficult consumer spending environment, GameStop remains one of our favorite retail stocks. We maintain our Buy rating and target price of $34.
Read the full analyst report on GME
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| Market Summary | Sep 02, 2010 21:17 pm ET |
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