Via Gamasutra comes word that Merrill Lynch has raised their share price target for Nintendo on anticipation for Wii.

The target price was raised from 23,000 yen to 27,000 yen. At the end of the day when the report was released, Nintendo was trading at a 6.5 year high, up 72% year-to-date and 102% over this time last year. Nintendo's share price may soon approach its historic 30,000-yen highs from the Super Nintendo era if this trend continues.