Barclays Initiates Coverage On NetEase with Equal-Weight Rating, Announces Price Target of $104
Portfolio Pulse from Benzinga Newsdesk
Barclays has initiated coverage on NetEase (NASDAQ:NTES) with an Equal-Weight rating and a price target of $104.
June 13, 2024 | 2:28 pm
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NEUTRAL IMPACT
Barclays has initiated coverage on NetEase with an Equal-Weight rating and a price target of $104.
The Equal-Weight rating suggests a neutral stance from Barclays, indicating that the stock is expected to perform in line with the market. The price target of $104 provides a specific valuation benchmark for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100