- A resounding bull call on GameStop (NYSE:GME) arrived this morning from Hilliard Lyons. Snippets from the analyst note are posted below.
- "We feel recent substantial declines in the stock price reflect an overly pessimistic view of the company’s near-term outlook. Management has navigated a challenging industry environment in a smart, pro-active manner, in our opinion."
- "Generation and allocation of cash flow are key positive factors, in our view, and could play a positive role in the year ahead."
- "We view the current 7.0x multiple on our estimate of expected forward earnings to be quite attractive."
- Shares are rated at Buy and assigned a price target of $33.
- GME is up 0.32% to $27.86 vs. a 52-week trading range of $24.33 to $47.62.