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Fly News Breaks for May 2, 2016
BABA
May 2, 2016 | 09:23 EDT
Evercore ISI analyst Ken Sena raised Alibaba's price target to $95 from $90 ahead of Thursday's Q4 earnings report. The firm's survey results indicate increases in average buyer spend and signs of better take rate against strong overall engagement. Sena has a Buy rating on Alibaba shares.