Take-Two price target lowered to $185 from $200 at BMO Capital

BMO Capital lowered the firm’s price target on Take-Two to $185 from $200 but keeps an Outperform rating on the shares. The company reported a messy Q3 with a number of moving pieces, as multiple unannounced games had delayed release dates, reducing its outlook for Q4 and FY25, though the anticipation around upcoming mega-hit Grand Theft Auto VI will likely support the stock despite the release being 12-18 months away, the analyst tells investors in a research note.