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Nintendo Co Ltd. (NTDOY)
Nintendo stock downgraded on fears of slowing system demand - March 20, 2008

Submitted by vGInfidel (150) at 6:39PM PST on March 20, 2008

KBC Securities Japan recently downgraded Nintendo's stock from a "buy" to a "hold" recommendation because of worries that Wii and DS sales will slow after "explosive growth" in the last year. The KBC report also includes a 30 percent cut in its 12-month price estimate for Nintendo stock and is based on worries that the company will see its revenues continue to suffer as a result of the weakening American dollar. KBC's outlook stands in stark contrast to Nintendo's own bullish profit estimates.

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