Truist Securities Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali maintains a 'Buy' rating on Alibaba Gr Holding (NYSE:BABA) but has lowered the price target from $135 to $126.
October 31, 2023 | 4:31 pm
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NEUTRAL IMPACT
Alibaba's price target has been lowered from $135 to $126 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of Alibaba's price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100