Alibaba price target lowered to $175 from $185 at Susquehanna

Susquehanna lowered the firm’s price target on Alibaba to $175 from $185 and keeps a Positive rating on the shares. The analyst said despite earlier weakness, trends are improving. Although pandemic and macro-related headwinds may continue to cause periods of softness in the near-term, we view Alibaba as the main China e-commerce player with a large secular growth opportunity.