China's Alibaba says agrees $3 billion five-year loan

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RBC Capital Sees Ant Financial as Valuable Asset for Alibaba (BABA); Mobile Monetization Remains Growth Opp.

March 10, 2016 8:53 AM EST

RBC Capital affirms Alibaba (NYSE: BABA) with an Outperform rating and $89 price target after holding a series of meetings with Vice President & Head of Investor Relations Jane Penner.

Analyst Mark Mahaney noted the following takeaways from the meetings:

Macrular Trends Are Positive For Alibaba BABA views Macrular trends (you know, Macro and Secular trends) in China as highly supportive of long-term growth. Even in a slowing Macro environment, the overall shift among Chinese consumers towards consumption spend is a powerful tailwind for BABA. As is the... More