Read Why Argus Downgrades Alibaba To Hold

Argus analyst Jim Kelleher downgraded Alibaba Group Holding Ltd BABA to Hold from Buy.
The analyst notes that the company is facing lower domestic consumption spending and increased competition, which is slowing growth in its core business.
Kelleher further states that as China government cements its power, Alibaba is vulnerable to the "deteriorating environment" for large-cap tech names in the county.
The Hold rating is appropriate until he sees a "clearer path" to more robust sales and earnings.
Related Content: Why This Alibaba Bull Is Taking Down The Price Target For Shares By 30%
Price Action: BABA shares traded higher by 0.67% at $134.56 on the last check Wednesday.

Momentum92.94

Growth73.15

Quality50.72

Value81.09

Short

Medium

Long

Analyst Calendar