Shares of GameStop (NYSE: GME) were rising over 2% in morning trading Monday despite a Wall Street analyst reiterating his sell recommendation and cutting his price target to $24 per share, or almost 90% below where the video game retailer's stock closed on Friday. As of 11:14 a.m. EDT, the stock was up 2.88%.
Since the analyst's previous price target was $25 per share, the change is not all that significant and makes you wonder why he bothered in the first place.
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Source Fool.com