Take-Two Takes a Hit as Wall Street Questions Content

Investing.com – Videogame maker Take-Two (NASDAQ:) Interactive stumbled Friday after an analyst cut the stock down a notch.

Take-Two (NASDAQ:) fell 2.6% in midday trading.

MKM Partners analyst Eric Handler downgraded the stock to neutral from buy and cuts his price target to $133 per share from $142.

The company will likely experience below-average volume in sales during the new console cycle, Handler said.

While the company is very well run compared to its peers, valuation is difficult to justify, he added.

Shares of Take-Two (NASDAQ:) are up nearly 24% in the last 12 months.

The average price target for the stock is $135.26, according to a poll of 27 analysts compiled by Investing.com.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.