Cheaper Xbox and Oppenheimer defense lift GameStop

GameStop (GME +3%) trades higher after Microsoft announces it will offer a cheaper version of the Xbox One without the Kinect.

Store traffic at GameStop could get a mild boost if thrifty gamers take to the Kinect-free Xbox.

Another bullish note from Oppenheimer is also helping to boost sentiment. This time around the firm calls GameStop one of the "most under-appreciated EPS growth/upside stories" in the hardlines category. Shares are rated Outperform still.

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