Sterne Agee is out with its report today on GameStop GME, raising its PT from $26 to $30.
In a note to clients, Sterne Agee writes, "We are raising our 12-month target price on shares of GME from $26 to $30 based on slightly under 10x our CY12 (FY13) EPS estimate of $3.10. This is up from our prior forward target P/E of around 8.5x our CY12 (FY13) EPS estimate."
Sterne Agee maintains Buy on GME.
Shares of GME closed Wednesday at $25.36.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsComputer & Electronics RetailConsumer DiscretionarygamestopSterne Agee
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