Joe Feldman, an analyst with Telsey Advisory Group, issued a strange report on Monday about struggling video game retailer GameStop, whose shares have soared to astronomical levels.
He raised his target price for the company’s stock by 50% to $33, which in normal times would seem like a huge endorsement. But he also cut his rating for the stock from “outperform” to “underperform,” his firm’s equivalent of “sell.”
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