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Stock impact report

Alibaba Gets Rare Wall Street Downgrade as Rival Gains Traction [Yahoo! Finance]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
(Bloomberg) -- Alibaba Group Holding Ltd. received a rare downgrade from Wall Street on the same day it lost its crown as China's most valuable e-commerce firm to one of its main rivals. Most Read from Bloomberg Banking Escapees Make Billions From Private Credit Boom Tesla's Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025 Saudi Arabia Offers Iran Investment to Blunt Gaza War These Are the World's Most Expensive Cities to Live In Right Now Biggest Blowout in Bonds Since the 1980s Sparks Everything Rally Morgan Stanley cut its rating on Alibaba's American depositary receipts to equal-weight from overweight, lowering its price target to $90 from $110. That's the first downgrade on the company's US-listed shares since late June, according to data compiled by Bloomberg. Alibaba is seeing a slower-than-expected turnaround, and its decision to withdraw the spinoff of its cloud business “brings uncertainty to the value-unlocking from reorganization,” analysts i Show less Read more
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