Nintendo shares hit record high on GS "buy" rating

Newswire

TOKYO, Oct 3 (Reuters) - Shares in Nintendo Co Ltd hit a record high on Wednesday after Goldman Sachs initiated coverage of the maker of the Wii game console with a "buy" rating, while speculation the firm could raise its earnings forecast again gave it an extra boost.

Shares in Nintendo rose as high as 64,800 yen, an all-time high, before closing up 2.7 percent at 64,300 yen.

Goldman Sachs' target price for Nintendo is 71,000 yen, a 10 percent premium to the closing ...

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