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Alibaba Group (BABA) received two price target cuts following its revelation that purchases made on its e-commerce sites are coming in lower than expected for the current quarter. Analyst Youssef Squali at Cantor Fitzgerald clipped his price target on Alibaba to 88 from 95 but maintained a buy rating. Pacific Crest Securities analyst Cheng Cheng lowered his price target on Alibaba to 80 from 94, but held an outperform rating. Alibaba stock, which Scalper1 News
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