Take them as noises n focus on fundamentals! In the world of investing the smart money outwitted the retail investors with noises .
Alibaba Gets Rare Wall Street Downgrade as Rival Gains Traction
-- 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.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 including Eddy Wang and Gary Yu wrote in a report dated Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
