GameSquare price target lowered to $5 from $7 at Roth MKM

Roth MKM analyst Sean McGowan lowered the firm’s price target on GameSquare to $5 from $7 and keeps a Buy rating on the shares. The company’s Q4 revenues fell short of the firm’s expectations, though the analyst maintains that the integration of GameSquare and Engine divestiture of Complexity, along with its non-core radio assets plus the acquisition of FaZe Clan, have left GameSquare in a solid position for growth and profitability, the firm tells investors in a research note.