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BABA

Alibaba

$167.52

-5.05 (-2.93%)

06:57
04/09/18
04/09
06:57
04/09/18
06:57

Ant Financial chairman Lucy Peng steps down, WSJ reports

Lucy Peng, the executive chairman of Alibaba's financial-technology affiliate Ant Financial, has stepped down from the role to focus on running Lazada Group, an operator of online retail marketplaces in Southeast Asia, whose growth is a key part of Alibaba's global strategy, The Wall Street Journal reports, citing the company. Peng, who was named CEO of Lazada in March and is serving as chairman of the company, will be replaced immediately by Eric Jing, Ant's CEO since October 2016. Reference Link

BABA Alibaba
$167.52

-5.05 (-2.93%)

04/05/18
WELS
04/05/18
NO CHANGE
Target $220
WELS
Outperform
Wells Fargo sees strategic rationale in Alibaba's Ele.me acquisition
Wells Fargo analyst Ken Sena says that while the acquisition of Ele.me will modestly lower Alibaba's margin in the near term, and an argument can be made that a significant premium was paid, there is "supporting strategic rationale" to the deal. The analyst sees synergies with Alibaba's existing local businesses and affiliates such as Hema Fresh Foods, Koubei, and Alipay. To reflect the deal, he increased his fiscal 2019 revenue estimate for Alibaba by 4% to $55.8B, representing 42.9% year-over-year growth. Sena also decreased his fiscal 2019 non-GAAP operating income by 4% to $16.5B. He keeps an Outperform rating on Alibaba shares with a $220 price target.
04/05/18
DBAB
04/05/18
NO CHANGE
Target $204
DBAB
Buy
Alibaba price target lowered to $204 from $218 at Deutsche Bank
Deutsche Bank analyst Han Joon Kim lowered his price target for Alibaba shares to $204 to reflect reduced earnings expectations. The analyst lowered his fiscal 2019 earnings estimates by 12% and fiscal 2020 estimates by 8%, which reflects a moderation of his above-consensus expectation and "slight" margin pressure from competitive dynamics. However, the recent share price correction partially captures the softness in earnings, Kim tells investors in a research note. He thinks the first half of 2018 will likely mark the most severe part of a year-over-year margin degradation for Alibaba. The analyst keeps a Buy rating on the shares.
04/05/18
LEHM
04/05/18
NO CHANGE
Target $220
LEHM
Overweight
Alibaba valuation 'quite attractive' at current levels, says Barclays
Following meetings with management, Barclays analyst Gregory Zhao expects Alibaba to "maintain robust growth" in Q4. The company's conventional core commerce and new retail initiatives are "well on track," Zhao tells investors in a research note. He thinks "solid" performance of Tmall and Taobao could help partially offset the loss from online video and new retail. The analyst also expects Ant Financial's profit sharing contribution to rebound in the second half of 2018. Zhao views Alibaba's valuation as "quite attractive" art current share levels and keeps an Overweight rating on the name with a $220 price target. The stock closed yesterday down $2.60 to $172.07.
04/05/18
MKMP
04/05/18
NO CHANGE
Target $260
MKMP
Buy
Alibaba Ele.me acquisition marks a significant TAM expansion, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $260 price target on Alibaba, saying the company's acquisition of Ele.me represents a "significant" total addressable market expansion with "meaningful" synergies for retail. Sanderson further notes that the company's core commerce segment will continue seeing robust trends in FY19, and the stock can deliver a notable upside from current levels.

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MRK

Merck

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BDORY

Banco do Brasil

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STT

State Street

$99.64

-4.57 (-4.39%)

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KORS

Michael Kors

$65.02

-0.7 (-1.07%)

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SYRS

Syros Pharmaceuticals

$12.60

-0.47 (-3.60%)

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AVEO

Aveo Oncology

$2.59

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CIGI

Colliers International

$70.20

0.75 (1.08%)

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CNAT

Conatus

$3.58

0.02 (0.56%)

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KMB

Kimberly-Clark

$100.04

-3.3 (-3.19%)

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Existing Home Sales to be reported at 10:00 »

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INFY

Infosys

$17.38

0.21 (1.22%)

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MLNX

Mellanox

$75.80

-1.45 (-1.88%)

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APVO

Aptevo Therapeutics

$4.33

0.01 (0.23%)

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Aptevo Therapeutics management to meet with Piper Jaffray »

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IFRX

InflaRx

$38.78

1.67 (4.50%)

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LUK

Leucadia

$24.02

-0.1 (-0.41%)

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CNK

Cinemark

$39.66

-0.74 (-1.83%)

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CRAY

Cray

$22.40

-0.2 (-0.88%)

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SNX

Synnex

$103.51

-0.33 (-0.32%)

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