Truist Securities Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Alibaba Group Holding (NYSE:BABA) but has lowered the price target from $113 to $110.

May 15, 2024 | 1:41 pm
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Truist Securities has maintained its Buy rating on Alibaba Group Holding (NYSE:BABA) but has lowered the price target from $113 to $110.
The maintenance of the Buy rating suggests continued confidence in Alibaba's long-term prospects. However, the slight reduction in the price target indicates some caution, possibly due to market conditions or company-specific factors. The overall impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100