Wolfe Research upgraded Nintendo (NTDOY) to Peer Perform from Underperform with no price target Since the firm’s prior downgrade in early November, Nintendo’s stock has fallen 28% on near-term sales and cost of goods sold concerns, notes the analyst. While mid-to-long term volume risks remain “underappreciated,” the current risk/reward looks balanced, the analyst tells investors.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTDOY:
- Game On: Nintendo stock drops in Japan over past five months
- Hasbro Stock (HAS) Slips Alongside Doug Bowser Board Appointment
- Nintendo Switch 2 exceeds 4M unit sales in Japan, Famitsu says
- Nintendo: Durable Earnings Growth Driven by Switch 2, Franchise Expansion, and High-Margin Software
- Nintendo stock price has fallen 33% in Japan since August, VGC reports