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Alibaba (BABA) PT Raised to $160 at KeyBanc Following Investor Day; 'Data Technology Drives Alibaba Economy'

June 12, 2017 7:57 AM EDT

KeyBanc raised its price target on Alibaba (NYSE: BABA) to $160.00 (from $137.00) while maintaining a Overweight rating, following investor day.

Analyst Hans Chung notes a positive outlook following Investor Day, suggesting a raising of estimates on strong revenue guidance, as content and data technology... More