Video Game Stocks Surge to 52-Week Highs on Initiation

05/01/01 - 02:05 PM EDT

TSC Staff

THQ (THQI Quote - Cramer on THQI - Stock Picks) was up 10.3% in midafternoon after hitting a 52-week high of $42.16.

Credit Suisse First Boston started the coverage of the company and two other video game makers with buy ratings, saying the sector offers "growth and visibility found in few other places in today's market." CSFB assigned THQ a 12-month target of $50.

Among the other stocks initiated, Take Two Interactive (TTWO Quote - Cramer on TTWO - Stock Picks) was up 7.7%. Its price target is $20.

Activision (ATVI Quote - Cramer on ATVI - Stock Picks) was up 2.1% after touching a 52-week high of $28.16. CSFB assigned it a price target of $35.

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