As previously reported, Wedbush analyst Michael Pachter upgraded Nintendo to Outperform from Neutral as he expects the introduction of the Nintendo Switch Lite to drive hardware and software sales well above 2020 guidance and maintain the company's positive momentum into 2021. The analyst also cited increased optimism about Switch's future success, and the release of the mobile game Mario Kart Tour this summer, which could also act as a positive catalyst for shares.
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