Barclays published a report on Perfect World Co. PWRD, where it maintained an Equal Weight rating but lowered the price target from $13.50 to $12.30 after lower than expected guidance by the company.
In the report Barclays wrote, "PWRD delivered broadly in-line results for 4Q12 but guided for 1Q13 to be significantly below expectations on the absence of a revenue contribution from Torchlight 2, lack of new game launches and the continued slowdown of monetization for core titles."
On Monday, Perfect World Co. closed at $11.54.
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