Why Nintendo Stock Was Climbing Today

Market players were eager to push the start button on (OTC: NTDOY) stock as the trading week drew to a close. Shares of the storied Japanese video game company finished Friday up by more than 5% thanks in no small part to an analyst's price-target increase. That rise was in contrast to the S 500's dip of 0.4%.

Before market open that day, JPMorgan Chase's Junko Yamamura lifted her fair value assessment on Nintendo's Japan-listed stock to 15,300 yen ($106.52) per share, up from her previous level of 13,400 yen ($93.29). In doing so, she maintained her overweight (buy, in other words) recommendation on the video game maker.

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Source Fool.com