Alibaba Group Holding shares are trading higher after Macquarie upgraded the stock from Neutral to Outperform.
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group Holding shares rose following an upgrade by Macquarie from Neutral to Outperform.
October 07, 2024 | 11:38 am
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POSITIVE IMPACT
Alibaba's stock price increased after Macquarie upgraded its rating from Neutral to Outperform, indicating a positive outlook.
The upgrade from Macquarie suggests increased confidence in Alibaba's future performance, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100