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Rap Sheet

Author:

Perry Rod

Subject:

Analyst Coverage

Date:

10/08/09 at 10:59 AM CDT

 

 

READ: 428

RPLY: 0

0

0

RECS:0

Sentiment:

Strong Buy

Wedbush Morgan Upgrades Gamestop (GME)

Calling Gamestop's guidance "conservative" and citing valuation, Wedbush Morgan senior analyst Michael Pachter raised his rating and price target for Gamestop to $34 and "Outperform".

"We expect industry sales to return to positive territory in September, and think that GameStop is well positioned to recover as well. "

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