Wedbush Reiterates Outperform and PT of $20 on Take-Two Interactive Software

Wedbush reiterates its Outperform rating on Take-Two Interactive Software TTWO. At the same time, Wedbush left its price target unchanged at $20. In a research report published today, Wedbush states, "Maintaining our OUTPERFORM rating and our 12-month price target of $20, which reflects a forward multiple of 15x estimated sustainable EPS of $1.20 (fully-taxed) plus an estimated $2/share in net cash. Our multiple is in-line with Take-Two's historical range, and reflects recently improved profitability and more consistent execution." On Tuesday, Take-Two lost 2.13% of its value to close the day at $16.10.