Take-Two price target raised to $252 from $236 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Take-Two (TTWO) to $252 from $236 and keeps an Outperform rating on the shares. The company delivered a meaningful Q1 beat, with Net Bookings 10% above the Street, driven by strength in several mobile titles, NBA 2K, and the GTA series, the analyst tells investors in a research note. Take-Two remains well-positioned with the most attractive pipeline in gaming, the firm added.