Alibaba (BABA) PT Raised to $250 at Morgan Stanley
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Morgan Stanley raised its price target on Alibaba (NYSE: BABA) to $250.00 (from $220.00) while maintaining a Overweight rating.
Analyst Grace Chen comments "Stay OW and raise PT to US$250 as we value AliCloud separately in our SoTP and roll over to FY19. We expect F3Q18 to be in-line with or beat consensus, and believe its accelerated investments in new retail will widen its lead over smaller rivals in the long term."
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