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Fly News Breaks for February 14, 2020
BABA
Feb 14, 2020 | 08:41 EDT
Raymond James analyst Aaron Kessler raised his price target for Alibaba to $310 from $280 and reiterated a Strong Buy rating following "solid" December quarter results. While he says the coronavirus outbreak will impact Alibaba's topline in March quarter, he views this as a one-off event and could further accelerate Chinese customers' online shopping behaviors.
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