Morgan Stanley Maintains Overweight on Alibaba Gr Holding, Lowers Price Target to $110-Report released on 16th November 2023
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Gary Yu has maintained an Overweight rating on Alibaba Group Holding (BABA) but has reduced the price target from $150 to $110, as reported on November 16, 2023.

November 17, 2023 | 1:21 pm
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Morgan Stanley has maintained an Overweight rating on Alibaba Group Holding but lowered the price target from $150 to $110.
The reduction in price target by Morgan Stanley, despite maintaining an Overweight rating, suggests a reassessment of Alibaba's future growth prospects or market conditions, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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