Video Game Stock Poised for Bounce Says Analyst

Video game concern Take-Two Interactive Inc (NASDAQ:TTWO) is up 2.1% before the bell, after Citi upgraded the shares to "buy" from "neutral" and hiked its price target to $200 from $170. In its bull note, the analyst said the company's highly anticipated Grand Theft Auto VI bookings could bring in between $2.6 billion to $2.9 billion, and went on to praise Take-Two Interactive's mobile gaming portfolio. Short interest is up 31.7% over the last two weeks, and the 9.04 million shares sold short account for 5. ...