Why Nintendo Stock Was a Winner Today
Veteran player in the video game arena (OTC: NTDOY) scored a few points on the stock exchange Monday. The Japan-based company saw its U.S.-listed shares rise by 2% following an analyst's reiteration of his buy recommendation on the stock.
That bump was more than good enough to top the performance of the weakening S 500 index, which decreased by 0.4% on the day.
Before the U.S. stock markets opened, Bernstein's Robin Zhu once again tagged Nintendo as an outperform (buy, in other words) at a price target of 9,500 yen ($63.11) per share. The video game company's most recent closing share price on its native exchange was 8,549 ($56.79), for a potential 11% upside.
Source Fool.com
Nintendo Co. Ltd Aktie
45,99 €
0,24 %
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