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Fly News Breaks for August 18, 2017
BABA
Aug 18, 2017 | 09:25 EDT
Needham analyst Kerry Rice raised his price target for Alibaba to $190 citing the company's "strong" Q2 results. Alibaba is "creating a powerful flywheel" by leveraging its proprietary data to increasingly engage consumers and merchants, the analyst writes. He keeps a Buy rating on the shares.
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