Morgan Stanley Maintains Equal-Weight on Alibaba Gr Hldgs, Maintains $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Gary Yu has maintained an Equal-Weight rating on Alibaba Group Holdings (NYSE:BABA) with a price target of $90.
August 23, 2024 | 2:21 pm
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Morgan Stanley's analyst Gary Yu has reiterated an Equal-Weight rating for Alibaba Group Holdings with a price target of $90, indicating a neutral stance on the stock's short-term performance.
The reiteration of an Equal-Weight rating and a $90 price target by Morgan Stanley suggests that the analyst sees no immediate catalysts for significant price movement in Alibaba's stock. This neutral stance implies that the stock is expected to perform in line with the market.
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