Nintendo Co Ltd. (NTDOY)Nintendo Shares Rise on Higher Forecast ExpectationsBloomberg - October 24, 2007
Submitted by Just_Ben (112)
at 8:20AM PST on October 24, 2007
Nintendo's stock gained 7.8 percent to 68,800 yen at the close of trading, its biggest gain since July 26.
``An upward revision of full-year earnings targets is likely,'' Hiroshi Kamide, a Tokyo-based analyst at KBC Securities Japan with a ``buy'' rating on the company, said by telephone today. ``It's natural that expectations are high ahead of the year-end shopping season.''
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