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Fly News Breaks for May 19, 2017
BABA
May 19, 2017 | 08:02 EDT
BofA/Merrill analyst Eddie Leung raised Alibaba's price target to $144 from $125 following the strong Q4 report driven by the Chinese retail business, mobile growth, and healthy GMV. The analyst rates Alibaba a Buy.
News For BABA From the Last 2 Days
BABA
Jul 25, 2017 | 07:17 EDT
After media outlets reported that the U.S. government could block the acquisition of Moneygram (MGI) by Alibaba's (BABA) Ant Financial, DA Davidson analyst Peter Heckmann indicates that such a development would help Euronet (EEFT). He notes that Euronet previously made an unsuccessful bid for Moneygram. He believes that if Euronet is able to acquire Moneygram, the deal would be "transformational" and " would provide visibility to attractive revenue and earnings growth into 2020". Conversely, if Ant acquires Moneygram, Euronet and Western Union (WU) could come under increased pressure, the analyst stated. He keeps a Buy rating on Euronet. .
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