UPDATE: Bank of America Color on Take-Two PO Increase

Bank of America, which raised its PO on shares of Take-Two TTWO, is providing some color on the stock. “We raised our FY13 estimates to $1.54bn/$2.10 from $1.46/$1.70 as initial FY13 guidance of $2.00 in EPS suggests a big title slate with Bioshock and GTA likely coming, plus we think the sports is becoming more profitable led by NBA 2K,” Bank of America writes. Take-Two closed Tuesday at $16.10.