BUZZ-Brokerages cut PT on Alibaba's US-listed shares on weak consumption

Reuters01-08
BUZZ-Brokerages cut PT on Alibaba's US-listed shares on weak consumption

** U.S.-listed shares of online marketplace Alibaba BABA.N fall marginally premarket as Morgan Stanley and Jefferies cut PT

** Morgan Stanley cuts PT to $180 from $200, still implying an upside of 22.7% to stock's last close

** Jefferies cuts PT to $225 from $231, still implying an upside of 53.3% to stock's last close

** "Core e-comm businesses have started to worsen, dueto weak consumption, which may remain under pressure in1HF27 due to a high base" - Morgan Stanley

** Avg rating of 42 analysts is "buy"; their median PT is $177.50 - data compiled by LSEG

** In 2025, BABA rose 74.3%

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

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