Nintendo to announce new strategy, NY Times says Nintendo, which is preparing to announce a new management strategy on Thursday, will have to spend a great deal of money in coming years as it tries to launch a new game console, according to The New York Times. But most analysts don't expect the company to change its basic strategy, the newspaper added. Reference Link
Nintendo downgraded to Underperform on 'structural' declines at Jefferies Jefferies downgraded Nintendo to Underperform citing an unfavorable risk/reward amid "structural and cyclical declines" in revenue and profits. The firm lowered its price target for shares to $12.70 from $15.30.