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Fly News Breaks for October 19, 2015
JD, BABA
Oct 19, 2015 | 05:43 EDT
Summit Research analyst Henry Guo believes this year's Double Eleven shopping day on November 11 could be a positive catalyst for shares of Alibaba (BABA). The company is "poised to deliver a strong performance" despite escalating competition from JD.com (JD), Guo tells investors in a research note. He reiterates a Buy rating on Alibaba with an $81 price target. The Chinese e-commerce giant closed Friday up 23c to $72.01.
News For BABA;JD From the Last 2 Days
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