Shares of Take-Two Interactive Software Inc. climbed 1.7% in morning trade Monday, after Wedbush upgraded the videogame maker, citing a “compelling value” for investors ahead of first-quarter results. Analyst Michael Pachter raised his rating to outperform from neutral, while keeping his price target at $126, which is 26% above current levels. Take-Two reports is scheduled to report first-quarter results after the May 16 market close. “Take-Two has consistently delivered upside to guidance and consensus, making its shares attractive over the near term,” Pachter wrote in a note to clients. “We are upgrading Take-Two shares as they present a compelling value, with the recent sell-off overdone in our view.” Pachter expects a “new unnamed 2K title,” likely “Borderlands 3.” Although he expects the company to announce the delay of the 2K title into fiscal 2020, the 2019 slated should be strong enough to provide an upbeat outlook, with “Red Dead Redemption 2” expected to ship at least 18 million units. The stock has tumbled 15.2% over the past three months, while the S&P 500 has lost 5.0%.