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Fly News Breaks for May 19, 2017
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
Sep 22, 2017 | 10:31 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alibaba (BABA) initiated with an Overweight at Cantor. 2. Digital Realty (DLR) initiated with a Market Perform at William Blair. 3. PNM Resources (PNM) initiated with a Market Perform at Wells Fargo. 4. Madrigal Pharmaceuticals (MDGL) initiated with an Outperform at Evercore ISI. 5. Becton Dickinson (BDX) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Sep 21, 2017 | 06:21 EDT
Best Inc (BSTI), a Chinese logistics firm backed by Alibaba (BABA), wants to expand its reach in "last-mile logistics" in China as a pillar of its growth strategy, Best CEO Johnny Chou told Reuters in an interview. The logistics company plans to use its IPO windfall to add to its 315,000 convenience stores that can accept and distribute packages from and to individuals, Chou says. Reference Link
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