Credit Suisse has upgraded Nintendo (7974.JP) to outperform from neutral as the broker now expects the Japanese video games maker to sell more of its Switch consoles over a longer sales cycle.

The broker also hiked its target price from JPY40,000 a share to JPY55,000, implying almost 44% upside. Credit Suisse now forecasts Nintendo to sell 130 million Switch consoles through to 2022, up from 70 million, as it says the device sells like a handheld console rather than a traditional console. Here's Credit Suisse analyst Keiichi...