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GameStop beaten down and defended after earnings

Aug. 28, 2015 9:31 AM ETGameStop Corp. (GME) StockGMEBy: Clark Schultz, SA News Editor5 Comments
  • Benchmark downgraded GameStop (GME -3.2%) to a Sell rating after all of the retailer's segments missed its estimates for Q2.
  • The investment firm is the latest to call into question the core business model of GameStop.
  • "We believe the console will complete the turn to digital within the next 5 years," warns Benchmark.
  • Benchmark has a $29.76 on GME.
  • Some bulls defended the stock today post-earnings. Wedbush raised its PT to $55, while Telsey Advisory is in at $47. During the earnings call, AT&T-branded stores and the integration of ThinkGeek were highlighted by GameStop execs as two earnings drivers.
  • Earnings call transcript

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