Gamestop (GME): Up to Buy – Goldman Sachs

Goldman Sachs is upgrading Gamestop (NYSE:GME) to Buy from Hold with a 12-month price target of $25 (prev. $20) on a combination of higher operating assumptions from new software and hardware as well as assuming share repurchases supplement dividends to the point of reaching 90% of FCF returned. - Goldman’s estimates stand about 14% above [...]
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