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Technical Trade Alerts on Recent Analyst Upgrade Notables: GME, TKTM, NT, TRA, MRO, BWA

Wedbush Morgan recently upgraded GameStop from Hold to Buy with price target of $43.50. The analyst firm observed that GameStop shares have declined significantly since April, as investors appear concerned that decelerating comp growth indicates slowing e

(EMAILWIRE.COM, October 01, 2008 ) DALLAS, Texas – Beacon Equity Research announces the release of a Trade Alert covering recent analyst upgrade notables: GameStop Corp. (NYSE: GME), Ticketmaster (Nasdaq: TKTM), Nortel Networks Corp. (NYSE: NT), Terra Industries Inc. (NYSE: TRA), Marathon Oil Corp. (NYSE: MRO) and BorgWarner Inc. (NYSE: BWA).

In the Trade Alert, the author highlights GameStop upgraded from Hold to Buy, commenting on the recent pullback in stock activity:

“Wedbush Morgan recently upgraded GameStop from Hold to Buy with price target of $43.50. The analyst firm observed that GameStop shares have declined significantly since April, as investors appear concerned that decelerating comp growth indicates slowing earnings growth. The firm said it disagrees with this concern but further said that as hardware pricing inevitably declines, it will be difficult for the company to deliver greater than single digit comps going forward …GameStop stores offer new and used video game hardware, software and accessories, including controllers, memory cards and other add-ons; PC entertainment and other software, and PC entertainment accessories, such as joysticks; and strategy guides and magazines, as well as trading cards.”

The Trade Alert author also featured leading event ticket provider, Ticketmaster, highlighting its operations and recent analyst rating by Stifel Nicolaus:

“Ticketmaster (TKTM) shares climbed 4.37% to trade at $10.71 Tuesday at noon. Ticketmaster operates as a live entertainment ticketing and marketing company worldwide. It provides ticket sales, ticket resale services, and marketing and distribution services through ticketmaster.com and related proprietary Internet and mobile channels, as well as through approximately 6,700 independent sales outlets and 19 call centers … Stifel Nicolaus recently upgraded Ticketmaster from Hold to Buy. This new rating expects the stock to achieve total return of 15% or more and to outperform the S&P 500 over the next 12 to 18 months.”


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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com


Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
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