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Baird Cuts Alibaba Price Target to $160 After Rating Mix

Alibaba logoAlibaba
Sig1.25Sen-1.20Env0.00Soc0.00Gov-1.30

Baird cut Alibaba’s price target from $164 to $160 and the stock saw analyst rating shifts, with one move to hold and several strong buy/buy calls. Alibaba shares rose about 1%. The summary also cites insider sales of 920,303 shares worth about $70.8M over three months and multiple fund stake changes.

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