0. Notes to follow;
Comment:
Raymond James remains buyer of Alibaba, thinks antitrust worries priced in 10:24 BABA With Alibaba's shares trading lower following the news that Chinese regulators have launched an investigation into the group for suspected monopolistic behavior, Raymond James analyst Aaron Kessler said he was not surprised by the announcement of the investigation given his previously expressed view that the company's biggest risk from the country's antitrust guidelines was the practice of exclusive relationships. Kessler, who thinks the most likely outcome is the termination of these exclusive relationships, believes the stock is largely pricing in these concerns and would remain a buyer with shares down 20% from recent highs. The analyst keeps a Strong Buy rating on Alibaba with a $330 price target.