Alibaba shares slide as earnings miss overshadows $25 bln buyback

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Alibaba (BABA) cut at Macquarie as defense and expansion caps earnings upside

February 8, 2024 10:59 AM EST

Alibaba (NYSE: BABA) was cut to Neutral from Outperform by Macquarie Equity Research analyst Ellie Jiang in a note to clients on Thursday. The firm has an $85.40 price target on the stock.

Jiang told investors that following BABA's earnings, they see the company... More