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Why GameStop Is Rising Today

TheMotleyFool

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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.

Image source: Getty Images.

Source Fool.com

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