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Fly News Breaks for August 16, 2019
BABA
Aug 16, 2019 | 06:37 EDT
Goldman Sachs analyst Piyush Mubayi lowered his price target for Alibaba Group to $236 from $241 while reiterating a Conviction List Buy rating on the shares following the company's better than expected fiscal Q1 results. Better cost control on content and sales and marketing spend drove the earnings beat, Mubayi tells investors in a research note.
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BABA
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