Wedbush Just Cut Its Price Target on GameStop (GME) Stock

GameStop (NYSE:GME) stock just got its price target cut by Wedbush analysts in response to a recent equity offering from the video game retail business.This saw Wedbush analysts cut the firm’s price target for GME stock from $13.50 per share to $11 per share. That’s a potential 64% downside compared to the stock’s previous closing price.Investors will also note that Webush doesn’t hold a positive rating for GME stock. The firm maintained its “underperform” rating for the shares while cutting its price targe ...