Stifel raised the firm’s price target on Take-Two to $188 from $175 and keeps a Buy rating on the shares ahead of the company’s fiscal Q3 report scheduled for February 8. The firm now forecasts non-GAAP EPS of 71c on net bookings declining 4% to $1.329B, which it notes positions its estimate in line to slightly below consensus, but near the midpoint of management’s guidance ranges. The firm continues to recommend purchase of Take-Two shares, which it notes are currently a Stifel Select List idea.
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