Morgan Stanley analyst Gary Yu downgrades Alibaba Gr Holding (NYSE:BABA) from Overweight to Equal-Weight and lowers the price target from $110 to $90.
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Be fearful when others are greedy, and be greedy when others are fearful
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AJ1977 : MS bought baba & downgraded it. What’s the agenda?
Btan : Yes keep on trusting these analysts
RightTime AJ1977 : I saw their orders too today in Moo apps. Haha. These Bankers all the same.. Anyway it is going to move till 60s and maybe even 50s before proper upside starts.. maybe next few earnings reports. I got out already before this fall. Made a loss but will look for a good entry elsewhere. Lesson learnt.