Piper Jaffray Assumes Coverage on Take-Two Interactive at Neutral

Piper Jaffray is out with its report today on Take-Two Interactive (NASDAQ: TTWO), assuming coverage on TTWO at Neutral.

In a note to clients, Piper Jaffray writes, "We are assuming coverage of TTWO with an unchanged Neutral rating and $18 price target. We believe that in 2HCY11 investors will begin to increasingly focus on GTA V (expect a CY12 launch) and growing digital revenue. However, we see limited catalysts for the stock until then."

Shares of TTWO closed Friday at $15.42.