Goldman Sachs analyst Minami Munakata downgraded Nintendo to Neutral from Buy with a 5,000 yen price target as the firm adjusted earnings estimates to account for Q3 results and recent business trends. Demand for the Nintendo Switch has been "slowing more markedly than we had previously assumed" and the firm assumes a lull leading up to the launch of the company’s next-generation game console.
Published first on TheFly
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