HSBC Maintains Buy on Alibaba Group Holding, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Carson Lo maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $143 to $140.
May 19, 2023 | 9:29 am
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HSBC analyst Carson Lo maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $143 to $140.
The news of HSBC maintaining a Buy rating on Alibaba Group Holding indicates a positive outlook for the company. However, the lowering of the price target from $143 to $140 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100