Auriga Likes Shanda Games (GAME) Position in The Game Market, Maintains Buy Rating
12:39 pm ET 11/29/2010- StreetInsider
Shanda Games (NASDAQ: GAME) continues to be rated as a Buy from Auriga before they report their earnings late on November 29th. The firm is keeping their estimates and price target the same, expecting earnings to come in close to current estimates. Their EPS estimate for 2011 is $0.66 and their price target is $7.
The firm reports that they expect the company to report earnings inline or a little above, but do report that three minor problems may influence lower than expected estimates, 1) the decline in Mir II; 2) gamer complaints of AION; and 3) the decline in Woool.
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