Huya ADRs (NYSE:HUYA) are up 2.2% premarket after an initiation at Buy by Jefferies.
The firm's Karen Chan set a price target of $28, implying 40% upside.
The ADRs are down 12% over the past month, but are still up 29.5% for 2019.
Now read: HUYA: Grab Some Before It's Too Late »
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