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Alibaba (BABA) PT Lowered to $260 at UBS

August 4, 2021 7:26 AM EDT

UBS analyst Jerry Liu lowered the price target on Alibaba (NYSE: BABA) to $260.00 (from $280.00) while maintaining a Buy rating.

The analyst commented, "We like BABA stock's risk/reward more as regulatory pressure increases in the sector. In particular, limitations on subsidies, user data... More