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Monday, December 27, 2010
Gsi Commerce, In the season of Christmas spending that exceeds expectations, Wedbush maintained their “Outperform” rating on GSI Commerce (NASDAQ: GSIC). Wedbush announced: “We expect online holiday spending to exceed expectations given the strong Black Friday, Cyber Monday, and follow through spending. We’re just raising our Q4 and 2011 estimates of income and expenditure since the force, it is reasonable to expect the results above consensus. We are increasing our revenue forecasts and Q4 FY11 and by 10 to 1360 million and 1.57 billion. We maintain our pro forma EPS estimates.GSC closed Thursday at 24.46, and 0.48, or 2.00 percent. Wedbush has a price target of $ 33 on them. GSI Commerce (NASDAQ:
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Labels: gse, gsi, undercover boss