NetEase.com (NTES) PT Lowered to $120 at Morgan Stanley, Removed from Top Pick
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Price: $125.12 +2.01%
Rating Summary:
27 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
27 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Morgan Stanley analyst Alex Poon lowered the price target on NetEase.com (NASDAQ: NTES) to $120.00 (from $135.00) while maintaining a Overweight rating.
The analyst comments "We remove NetEase from our Top Pick owing to weaker 2024-25E growth compared to peers (TCOM and TME) due to risks of legacy titles and tampered expectation of new titles. We remain OW on stronger 2H24 than 1H24"
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