By: Benzinga
UPDATE: Deutsche Bank Upgrades Netease.com to Buy on New Game Momentum
Deutsche Bank upgraded Netease.com (NASDAQ: NTES ) from Hold to Buy and raised the price target from $51.00 to $58.00. Deutsche Bank noted, "We attribute the 4Q earnings surprise (EPS beat our estimate by 18% and Bloomberg consensus by 14%) to relatively new games, which is recurring in nature, rather
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