Morgan Stanley: Gives Alibaba (BABA.US) an "overweight" rating with a target price of US$220

$Alibaba (BABA.US)$ Morgan Stanley released a research report stating that it gave Alibaba (BABA.US) an “overweight” rating and a target price of US$220 for US stocks. The company's technology and infrastructure are still important forces driving the digitization of China's economy in the business and scientific fields. It is expected that with the support of the partner ecosystem, vertical applications will remain a key area of investment in the future.