Goldman Sachs Maintains Neutral on GameStop (GME)

Goldman Sachs is out with its report today on GameStop GME, maintaining Neutral. In a note to clients, Goldman Sachs writes, "We make no changes to our industry forecast or price target given the noise around the Easter shift and the fact that April is one of the smallest months of the year for videogame sales, making it difficult to draw overarching conclusions. We remain Neutral on GME despite modest valuation as we stand below the Street for 2011-12 given our guarded industry view." At the time of posting, shares of GME were trading pre-market at $26.70, up 2.97% from Thursday's close.