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Fly News Breaks for June 8, 2017
JD, BABA
Jun 8, 2017 | 09:20 EDT
Deutsche Bank analyst Alan Hellawell says Alibaba's (BABA) "impressive" FY18 revenue growth guidance of 45%-49% takes the company to a growth trajectory "conceivably higher" than JD.com (JD). The analyst sees further momentum for Alibaba shares and reiterates a Buy rating on the name with a $181 price target.
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