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Pachter Caves, Upgrades GameStop

Edge writes: "While other analysts have been singing praises for GameStop and maintaining "buy" ratings for the retailer's shares, Wedbush Morgan's Michael Pachter had been reiterating a "hold" rating.

"Maybe we just don't get it," he said in a late August investor note.

But on Monday, he finally fell in line with fellow analysts in an investor note subtitled, "Enough is enough," and upgraded the stock from "hold" to "buy."

"We believe that the company is well positioned to continue its dramatic earnings growth for at least the next two years," Pachter said."

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