StoneX Makes Major Call on GameStop Stock
StoneX initiated coverage of GameStop (GME) with a Buy rating and $33 price target, citing confidence in its transformation. Analyst Mike Hickey highlighted Ryan Cohen's rebuilding efforts and the growth in collectibles. Q2 revenue fell 18.7% but operating income rose to $160.2M, with collectibles revenue up 56.5%. The company is shifting focus to higher-margin categories and services.






