GameStop Stock Is Lifted by 2 Upgrades


GameStop stock jumped more than 7% on Monday, following a pair of analyst upgrades for the videogame retailer ahead of new gaming console releases later this year and next.

Telsey Advisory Group’s Joseph Feldman raised his rating on GameStop to Outperform from Market Perform, and added $1 to his price target on the stock, to $10. Recent conversations with management boosted his confidence in the stock ahead of new gaming hardware releases.

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