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Tuesday, February 04, 2014 8:27:49 AM
TTWO getting no respect from last night, downgraded at 3firms , make that 4...
Take-Two upside sustainability questioned, says Brean Capital
Brean Capital noted Take-Two Interactive beat Q3 estimates and raised guidance but said earnings were helped by stock buybacks. The firm believes the company needs to create a model for digital revenue growth as well as a migration plan for next gen consoles and without it sees little upside from current valuations. Shares are Hold rated.
GME also hated from a relentless squeeze that amounted for naught if this keeps up, what they pull off in bull markets
Take-Two upside sustainability questioned, says Brean Capital
Brean Capital noted Take-Two Interactive beat Q3 estimates and raised guidance but said earnings were helped by stock buybacks. The firm believes the company needs to create a model for digital revenue growth as well as a migration plan for next gen consoles and without it sees little upside from current valuations. Shares are Hold rated.
GME also hated from a relentless squeeze that amounted for naught if this keeps up, what they pull off in bull markets
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