S&P Upgraded Take Two Interactive (TTWO) from Sell to Hold.

S&P Upgraded Take Two Interactive TTWO from Sell to Hold., in the Aug. 25, edition of Outlook They kept their price target at $10 along with their 2010 estimate of -$.26 and $.16 for 2011 Here are some quotes from the report: “Our upgrade was based on valuation, as Take-Two shares declined below our target price, which we kept at $10. The target price is derived from a blend of discounted cash flow and relative enterprise value-to-sales valuations. Although we remain cautious on the video game industry, as software sales continue to decline, we note that Take-Two’s Red Dead Redemption remains one of the best-selling titles. We also think the company was partially successful in controlling costs by focusing development efforts on top-rated games. We kept our fiscal 2010 (ending October) loss estimate of $0.26 and our fiscal 2011 earnings per share estimate of $0.16.”