Exclusive: SEC officials' holdings, legal work, pose potential conflicts
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August 21, 2017 5:16 PM EDT
Citigroup (NYSE: C) today announced that Muir Paterson will join the firm's Corporate and Investment Banking division as Global Head of Strategic Shareholder Advisory in its M&A Group. In this newly created role, Mr. Paterson will oversee and enhance Citi's activist defense practice globally, as well as provide advice to clients on issues related to corporate governance, board advisory, M&A and capital allocation. He will be based in New York City.
Mr.... More
August 18, 2017 12:47 PM EDT
Utilizing proprietary analytics to track $897 billion dollars worth of short positions in U.S. markets and $79.2 billion of total short interest in the HK/China region, S3 Partners Managing Director, Ihor Dusaniwksy, highlights bearish speculators in Alibaba (NYSE: BABA), down $2 billion... More
August 18, 2017 7:17 AM EDT
Needham & Company raised its price target on Alibaba (NYSE: BABA) to $190.00 (from $155.00) while maintaining a Buy rating following the company's 1Q18 results. Alibaba reported revenue and EBITDA exceeding expectations, driven primarily by strength in its Core Commerce and Cloud businesses. Revenue grew 56%... More
August 18, 2017 7:01 AM EDT
JPMorgan raised its price target on Alibaba (NYSE: BABA) to $205.00 (from $190.00) while maintaining a Overweight rating following the company's 1Q earnings release. BABA reported a 56% top-line growth, as-well-as 62% EPS growth. Analyst Alex Yao believes that Alibabas solid financial performance is a testament to its... More
