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Fly News Breaks for August 15, 2019
BABA
Aug 15, 2019 | 15:03 EDT
SunTrust analyst Youssef Squali raised his price target for Alibaba to $210 from $205 saying he is incrementally positive as management continues to execute well against a challenging macroeconomic/political backdrop in Q1, beating expectations and gaining share. Secular growth drivers remain in place with rising consumption in-and-around China of digital and physical goods, healthy household finances, and digitization of retail, he contends. The analyst reiterates a Buy rating on the shares.
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