NetEase Continues Strong Momentum and Robust Growth in the First Quarter 2017

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Instinet Downgrades NetEase.com (NTES) to Neutral

May 11, 2017 10:08 AM EDT

Instinet downgraded NetEase.com (NASDAQ: NTES) from Buy to Neutral with a price target of $297.00 (from $307.00).

Analyst Jialong Shi said the shares lack near-term catalysts, althoghh the believe the stock could be attractive for long-term investors. Meanwhile, they prefer Tencent.

The... More