Baird raised the firm’s price target on Take-Two to $160 from $155 and keeps an Outperform rating on the shares. The firm sad there were no major surprises from 2Q results, and investors are now primarily focused on the upcoming first trailer for GTA VI next month. Baird also notes there could be somewhat higher gamer interest in the GTA franchise, although this doesn’t appear to be baked into guidance.
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