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Goldman Keeps 'Buy' Rating on Sony, Raises Target

Shares of Sony have been struggling after reaching a multi-year high in late May. Part of the reason is due to Nintendo stealing all the game console headlines. Still, analysts like Sony and it has had a pretty nice year, although nowhere near Nintendo's performance.

Goldman Sachs analysts in Japan maintained a "buy" rating on Sony (JP: 6758) (SNE), raising its target share price to ¥7,200 ($58.42 ADR equiv. at ¥123.25/$1) from ¥6,600 previously.

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