Actionable news
0
All posts from Actionable news
Actionable news in GME: GAMESTOP Corp CLASS A,

GameStop (GME) Stock Climbs on Ratings Upgrade

NEW YORK (TheStreet) -- Shares of GameStop (GME) are rising 4.24% to $28.53 in mid-afternoon trading on Monday after Bank of America/Merrill Lynch upped its rating on the stock to "buy" from "neutral."

The firm hiked its price target to $35 from $32 on shares of the video game retailer.

The upgrade reflects "a number of underappreciated factors that we believe could meaningfully improve traffic and earnings trends for GameStop over the next few years," BofA/Merrill Lynch said in a note cited by CNBC.com.

These factors include expectations of a mid-cycle console...


More