Daiwa Lowers Price Target for Alibaba Group (BABA) Stock
On June 24, Daiwa reduced its price target for Alibaba Group Holding Limited's stock to $175 from $200 while maintaining a 'Buy' rating. The downgrade was attributed to weak e-commerce consumption trends in China and broader sector challenges due to macroeconomic conditions and regulatory pressures.
Tickers: $BABA
Topics: Alibaba Cloud Computing Daiwa E-commerce Regulatory Issues