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Take 2 shares jump after upgrade

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.

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Grand Theft Auto IV

PS3, Xbox 360, PC

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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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