Take-Two: The Stock Is Way Too Cheap, Wedbush Says

Take-Two Interactive (TTWO) shares came roaring out of the box this morning, after Wedbush Morgan analyst Michael Pachter this morning upped his rating on the videogame publisher to Buy from Hold, while maintaining his $10 price target.

Pachter concedes that the call could be early given cautious guidance from the company, but he thinks the forecast is already in the share price. And he thinks the current level disregards a potential new version of Grand Theft Auto in the October 2010 fiscal year.

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