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Fly News Breaks for August 17, 2017
BABA
Aug 17, 2017 | 17:50 EDT
Baird analyst Colin Sebastian raised his price target for Alibaba Group shares to $190 citing the company's "impressive" Q1 results. The analyst tells investors to add to positions saying Alibaba continues to execute on "several" long-term growth initiatives in retail, cloud, and digital entertainment. He keeps an Outperform rating on the name. Alibaba closed the trading day up 3% to $163.92 following this morning's Q1 earnings report.
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