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Fly News Breaks for March 23, 2017
BABA
Mar 23, 2017 | 08:14 EDT
As noted earlier, Pacific Crest started coverage of Alibaba with a $134 price target and an Overweight rating. Analyst Hans Chung expects the monetization of the company's e-commerce business to increase, and he thinks that the company's cloud business could be a significant positive catalyst.