HSBC analyst Binnie Wong maintained a Buy rating on Alibaba and raised her target price on shares to $190 from $177. Wong said she expects a promising quarter from Alibaba in her Q3 earnings preview research note, saying she expects "better growth for the core commerce division, implying earnings upside in the near term." The analyst added that she sees an earnings recovery in FY20 and the kick-starting of the monetization of recommendation feeds as key catalysts for the company.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here