Take-Two price target lowered to $130 from $140 at Roth MKM

Roth MKM analyst Eric Handler lowered the firm’s price target on Take-Two to $130 from $140 and keeps a Buy rating on the shares. The company posted its second consecutive miss and reduced guidance, which should keep a near-term lid on the stock, the analyst tells investors in a research note. The firm adds however that the deep development pipeline of games at Take-Two keeps it hopeful about the company’s future prospects.