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Perfect World Co. (NASDAQ:PWRD) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday.

PWRD has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Perfect World Co. in a research note on Friday, July 25th. They set a “neutral” rating and a $20.74 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Perfect World Co. from $25.00 to $23.00 in a research note on Thursday, May 22nd. Finally, analysts at Pacific Crest cut their price target on shares of Perfect World Co. from $28.00 to $24.00 in a research note on Tuesday, May 20th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.69.

Shares of Perfect World Co. (NASDAQ:PWRD) traded up 1.95% during mid-day trading on Monday, hitting $22.97. The stock had a trading volume of 582,232 shares. Perfect World Co. has a 52-week low of $16.26 and a 52-week high of $26.25. The stock’s 50-day moving average is $20.34 and its 200-day moving average is $19.84. The company has a market cap of $1.138 billion and a P/E ratio of 11.29.

Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.

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