“We cannot see any real improvement in 3DS demand until the hardware price is cut and two new Super Mario Brothers titles are released, and we do not believe the Wii U has the same level of appeal as the Wii,” Citi wrote in a report focusing on Nintendo (NTDOY).
“Also, we revise our yen/euro assumption to ¥115/€ from ¥120/€. As a result, we lower our medium term forecasts and our target price to ¥14,800. We reiterate our Sell rating.”
Nintendo closed Tuesday at $24.65.
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Posted In: Analyst Ratings3DSCitiMarioNintendoNintendo 3DSSuper Mario Bros.Super Mario BrothersWiiWii U
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