Take-Two Slides; Wedbush Turns Cautious
Take-Two Interactive (TTWO) shares are trading lower after Morgan Wedbush analyst Michael Pachter cut his rating on the stock this morning to Neutral from Outperform. He keeps a $13 price target on the stock, which closed Friday at $11.73.
“In our view, the company’s share price fully reflects an increasingly positive outlook and the lack of other company specific catalysts,” he writes.
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