Macquarie removed $BABA as a Marquee Buy idea.
The stock was rated at Outperform, with its target price slashed from $145.8 to $126.4.
The FY2024-25E EPS was trimmed by 3% and 5%, respectively, to factor in the conservative view of the consumption market.
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HopelessChi : fund are avoiding now? since 2020 clampdown. painful bleed.
Mett : Funds earn the same way as retailers do. Prices go up when long or down when short. Are they so nice to rate high/low to invite competitors? More likely sell to retailers at 145.8. So takeaway is…pinch of salt with funds’ ratings/analyst reports.