Morgan Stanley Maintains Overweight on Alibaba Gr Holding, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Gary Yu has maintained an Overweight rating on Alibaba Group Holding (NYSE:BABA) but has reduced the price target from $150 to $110.
November 17, 2023 | 1:22 pm
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Morgan Stanley has maintained its Overweight rating on Alibaba but lowered the price target from $150 to $110, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Morgan Stanley suggests a reassessment of Alibaba's future growth or profitability, which could lead to a negative investor sentiment and a potential short-term decline in the stock price.
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