B of A Securities Maintains Buy on NetEase, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on NetEase but lowered its price target from $142 to $120.
August 23, 2024 | 12:55 pm
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B of A Securities has maintained a Buy rating on NetEase, indicating continued confidence in the stock, but has lowered the price target from $142 to $120, suggesting a more conservative outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in NetEase, but the lowered price target indicates a more cautious approach, possibly due to market conditions or company-specific factors. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100