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Tag: Upgrade

GameStop shares surge 44% on tie-up with Microsoft to upgrade stores

October 9, 2020
| No Comments
| business

Adds details from release, analyst comment, background

Oct 8 (Reuters) – GameStop Corp GME.N and Microsoft Corp MSFT.O signed a multi-year deal that would allow the videogame retailer to upgrade its stores with the software maker’s cloud and hardware services, sending GameStop shares 44% higher on Thursday.

GameStop, which already sells Microsoft’s flagship Xbox gaming console, said it would now offer a two-year digital subscription package with the consoles to players at no upfront cost.

Several analysts are expecting the November launches of the XBox Series X and rival Sony’s PlayStation 5 to boost sales for GameStop, which has been reeling under losses driven by coronavirus-led disruptions and delayed console purchases ahead of the new cycle.

Brokerage Jefferies said the agreement provides GameStop access to revenue created at the gamer level, instead of solely on the piece of content sold.

GameStop, which did not disclose the financial

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Canada Goose Stock Pops on Upgrade Highlighting Strong Sales

September 30, 2020
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| business

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Canada Goose stock jumped on an analyst upgrade Wednesday.


Matt Winkelmeyer/Getty Images for Canada Goos

A mild winter in many parts of the country and a job-crushing pandemic have hurt demand for pricey down coats, and in turn,

Canada Goose Holdings

’ stock. Yet Cowen & Co. argues the worst is over for the outwear company, sending shares soaring more than 10% on Wednesday.

Analyst Oliver Chen lifted his rating on

Canada Goose

(ticker: GOOS) to Outperform from Market Perform, and raised his price target to $36 from $31. He believes the company “is well positioned as an outdoor resource amid the pandemic, as a leading brand in stores, and as a global luxury beneficiary as China improves faster.”

He highlights the company’s positive free cash flow, robust margins, and profitable retail channel, despite the headwinds facing the sector this year. Moreover, his recent consumer surveys showed that

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Bed Bath & Beyond (BBBY) Extends Rally After Upgrade

September 26, 2020
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| business

Bed Bath & Beyond Inc. (BBBY) shares rose about 4% during Thursday’s session after Baird upgraded the stock to Outperform and raised its price target to $20 per share.

Key Takeaways

  • Bed Bath & Beyond shares moved higher after Baird upgraded the stock to Outperform with a $20.00 price target.
  • The analyst believes that the stock could be a compelling turnaround play following its cost-cutting efforts and an economic rebound.
  • The stock has more room to run on a technical level, but short interest remains high, suggesting some skepticism among investors.

Baird upgraded Bed Bath & Beyond shares and raised its price target, saying that channel checks suggest sales have stabilized following a rough patch. Analyst Peter Benedict is “intrigued” by the company’s turnaround potential and sees a material recovery in EBITDA over the next few years. While the stock has 58% short interest, the analyst feels that it’s “worth

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Posted in %1$s Tagged %1$s

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