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Cowan call on vg
stocks
VG stocks - Doug Creutz of Cowen said this holiday release slate
is the most top-heavy in years, too much competition on AAA titles
for anybody's good. And projections of growth going forward that
were pegged at 12-13% is just unrealistic. Downgraded a number of
the vg co's, such as TTWO to neutral from Outperform with an $83
PT. I'm not following these stocks closely, but after the run
they've had, probably time someone added a note of caution to
valuations. Sector feeling the heat, as ATVI down 2%+ etc.
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