NetEase price target raised to $95 from $85 at Morgan Stanley

Morgan Stanley analyst Alex Poon raised the firm’s price target on NetEase to $95 from $85 and keeps an Overweight rating on the shares. Poon thinks investor positioning in NetEase "remains light" and calls this "the best opportunity to accumulate NetEase for the next product cycle" that starts in the first half of next year and should re-rate the stock.