TH Data Capital analyst Tian Hou lowered his price target on Alibaba to $180 from $205 ahead of the company’s Q2 earnings report on November 2. Hou expects Alibaba to report Q2 revenue slightly below consensus given the current slowdown in China’s economy, which he sees being caused mainly by the government’s deleveraging initiatives. The company is not immune to the impact, despite being one of the leading vendors in China’s economy, Hou added in his preview note. He maintains a Buy rating on Alibaba shares.
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