Take 2 shares jump after upgrade

Tuesday, 29 January 2008 21:15 GMT By Patrick Garratt

Take 2’s stock has risen 4.9 percent to $16.51 today after analyst Eric Handler upgraded the company’s shares to “equal weight” from “underweight,” and boosted his target price to $19 from $17.

Handler’s move came after the publisher announced the release date of April 29 for GTA IV last week. He said earlier today that he thought the fourth instalment in the crime series could sell 6 million units in six months, adding $1.25 profit per share.