Alibaba named ‘Research Tactical Idea’ at Morgan Stanley

Morgan Stanley named Alibaba as a "Research Tactical Idea," citing a belief that the share price will rise in absolute terms over the next 60 days. In a separate note, the firm called the company’s planned restructuring a "significant positive catalyst" with the potential to unlock "significant" sum-of-the-parts value. The firm, which said its sum-of-the-parts-based bull value of $200 per share "implies 100%-plus upside," has an Overweight rating and $150 price target on Alibaba shares.