HSBC upgraded Take-Two Interactive Software to Buy from Hold with a price target of $179, up from $154. The analyst sees an improved outlook for mobile gaming and has greater confidence in the company’s sales guidance as the GTA6 release date draws closer. Take-Two’s improvement in mobile performance is helping to mitigate some of the softness of console revenues “in what is a relatively a quiet year for flagship releases,” the analyst tells investors in a research note.
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