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Alibaba loses Conviction Buy status at Goldman on sales growth, profit concerns

Nov. 29, 2021 7:23 AM ETAlibaba Group Holding Limited (BABA) StockBy: Kim Khan, SA News Editor44 Comments

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  • Goldman Sachs is lowering Alibaba (NYSE:BABA) stock to Buy from Conviction Buy as the company boosts spending.
  • Analyst Piyush Mubayi is cutting the price target to $215 per share from $252.
  • The stock is slightly

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