Citigroup Maintains Buy on NetEase, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has maintained a 'Buy' rating on NetEase (NASDAQ:NTES) but lowered the price target from $134 to $132.

August 25, 2023 | 1:05 pm
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NEUTRAL IMPACT
Citigroup has maintained a 'Buy' rating on NetEase but lowered the price target from $134 to $132.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the decrease is not significant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100