BMO downgrades Take-Two after video game company delays release of updated 'Grand Theft Auto'

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Jesse Pound@/in/jesse-pound@jesserpound
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Copies of 'Grand Theft Auto V' on display for sale at a GameStop store in Peru, Illinois.
Daniel Acker | Bloomberg | Getty Images

More delays for the release of key video games won't help Take-Two Interactive Software turn around its stock performance, according to BMO Capital Markets.