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Fly News Breaks for August 18, 2017
BABA
Aug 18, 2017 | 08:20 EDT
KeyBanc analyst Hans Chung increased his price target on Alibaba after the company reported stronger than expected results. The analyst says that the beat was driven by improved e-commerce monetization, and he expects that trend to persist. He thinks that the company's results will be boosted by improved personalization, "share gain in marketing budgets, and potential room to grow ad loads." The analyst keeps an Overweight rating on the stock.
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