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NetEase price target raised to $170 from $151 at Morgan Stanley

Morgan Stanley raised the firm’s price target on NetEase (NTES) to $170 from $151 and keeps an Overweight rating on the shares. NetEase’s game future over the next 1-2 years will mainly depend on two key new titles, Ananta and Sea of Remnants, says the analyst, who is “bullish on the potential upside” from these games.

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