Take-Two assumed with an Outperform at Wedbush

Wedbush analyst Nick McKay assumed coverage of Take-Two with an Outperform rating and $140 price target. The firm has a modestly cautious view into Q3 results for issues that are largely beyond Take-Two’s control and generally not exclusive to the company, and Wedbush views the current set of headaches as largely transitory, and remain believers in the long-term potential of the company, the analyst tells investors in a research note.