Deutsche Bank initiated coverage of NetEase (NTES) with a Buy rating and $130 price target
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Read More on NTES:
- US officials say deal reached with China to cut trade deficit, Reuters reports
- U.S. lawmakers tell SEC to delist Chinese stocks listed in U.S., FT reports
- Game On: U.S. video game spending falls 6% in March, says Circana
- Amazon sellers pull away from Prime Day, IBM to invest in U.S.: Morning Buzz
- NetEase executive departs as CEO pulls back from game division, Bloomberg says
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