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UBS analyst maintained a Buy rating on Alibaba Group Holding Ltd.
UBS set a new price target for Alibaba at HK$165.75 on April 8.
KEY POINTS
- Alibaba shares closed at HK$126.50, significantly below UBS's target.
- Jefferies analyst Thomas Chong also issued a Buy rating for Alibaba yesterday.
- Alibaba's net profit dropped to HK$21.02 billion from HK$44.03 billion year-over-year.
COMPANIES
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