HSBC Starts PWRD at Overweight, SNDA, NTES at Neutral
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An analyst at HSBC initiated coverage on stocks of several China-based stocks in the Computer Services (Gaming) sector today:
- Perfect World (Nasdaq: PWRD) with an Overweight rating and a $60 price target
- Shanda Interactive (Nasdaq: SNDA) with a Neutral rating and a $50 price target
- Netease.com (Nasdaq: NTES) with a Neutral rating and a $42 price target
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