Apple defies China slowdown fears with strong iPhone sales

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MKM Partners Raises Price Target on Alibaba (BABA) to $105 Following 3Q

October 30, 2015 10:45 AM EDT

MKM Partners reiterated a Buy rating on Alibaba (NYSE: BABA), and raised the price target to $105.00 (from $85.00), following the company's 3Q earnings results.

Analyst Rob Sanderson commented, "We are updating our estimates and raising our 12-month price objective to $105 (from $85). We... More