SoftBank's first lithium deal raises prospects for junior miners

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Alibaba (BABA) PT Lowered to $219 at KeyBanc on "Larger Spending in New Initiatives & Content'

April 10, 2018 7:41 AM EDT

KeyBanc lowered its price target on Alibaba (NYSE: BABA) to $219.00 (from $228.00) while maintaining a Overweight rating, following an update the company's outlook.

Analyst Hans Chung notes a reduced price target on the shares, citing a lowering of estimates on incremental margin pressures, as the... More