Lukewarm Analysts Can't Sink NetEase Stock
Even ho-hum analysts aren't stopping investors from bidding up NetEase (NASDAQ: NTES). Shares of the Chinese online gaming speedster moved higher in four of the five trading days last week, despite receiving uninspiring analyst notes in three of those days.
Karen Chan at Jefferies kicked things off on Tuesday of last week, downgrading the stock from buy to hold and lowering her price target from $330 to $290. Gregory Zhao at Barclays followed a day later, initiating coverage with a neutral equal weight rating. Han Joon Kim at Deutsche Bank finished things off on Friday, sticking to his bullish call but slashing his price target from $348 to $325. Shares of NetEase bucked the emergence of lukewarm Wall Street pros, rising nearly 5% last week.
Source: Fool.com