The Fly

Take-Two upgraded to Outperform from Market Perform at MoffettNathanson

MoffettNathanson analyst Clay Griffin upgraded Take-Two to Outperform from Market Perform with a $140 price target. 2022 was "a dreadful year for Take-Two’s stock," but after the "highly disappointing 2022," it’s "back to the future" for Take-Two, said the firm, which thinks upward estimate revisions and multiple expansion can drive the stock higher from here with the "long-awaited content cycle near at hand."

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