The threat from Best Buy and other retailers to GameStop’s video game sales is no joke, writes Wedbush Morgan analyst Michael Pachter in a note this morning in which he lowered estimates for GameStop.
Take profits in Salesforce.com, Wedbush Morgan analyst Michael Nemeroff advises.
Nemeroff this morning cut his rating on CRM to Sell from Hold, noting that the shares at last night’s close of $37.38 were more than $10 above his $27 target price.
Here’s the follow-up to last Friday’s article reporting that Netflix (NFLX), after experiencing a technical difficulty that prevented sending out DVDs for several days, said it would refund 15 percent of monthly subscription fees to a subset of customers.
This Wednesday, Aug. 20, Salesforce.com (CRM), which vends a customer relations management tool as a Web-based application, is expected to report financial results for the July-ending second Quarter, after the bell. Two analysts take divergent approaches in their outlook for Salesforce in reports this morning.
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