Take-Two price target lowered to $287 from $293 at Wells Fargo

Wells Fargo lowered the firm’s price target on Take-Two (TTWO) to $287 from $293 and keeps an Overweight rating on the shares. The firm says Q4 EPS played out largely as expected. Wells sees FY27 initial outlook as conservative, but GTA 6 release date was reaffirmed and management’s tone on game quality remains positive. The firm expects strong catalyst path from here.