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Fly News Breaks for May 24, 2018
BABA
May 24, 2018 | 08:27 EDT
Raymond James analyst Aaron Kessler raised his price target for Alibaba to $300 from $250 as he expects continued robust China e-commerce growth and as he believes take rate upside is underappreciated. The analyst does not believe investors are currently valuing long-term potential for take rate upside and earnings implications. Kessler reiterates a Strong Buy rating on the shares.
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