<h3>Credit Suisse: Maintains &#34;Buy&#34; rating on Alibaba-SW, lowers target price from HKD 140 to HKD 128</h3>
<p>The bank believes that the revenue trend of BABA-SWR is better than expected, and the strategy can be maintained. In the future, there will be opportunities for the development of artificial intelligence and overseas business, with a larger holding company discount of 30%.</p>
<h3>J.P. Morgan: Reiterates &#34;Overweight&#34; rating on Alibaba, lowers target price from HKD 120 to HKD 105</h3>
<p>The report points out that Alibaba's revenue growth in the third quarter of the 2024 fiscal year (ending in December) has shown a weak trend, especially in customer management revenue (CMR). J.P. Morgan believes that this will have a negative impact on Alibaba's stock price in the near term.</p>
<h3>UBS: Gives NIO-SW a target price of USD 8, maintains &#34;Neutral&#34; rating</h3>
<p>UBS quotes NIO-SW management as saying that the company's sales target for this year is 200,000 vehicles. The sub-brand, Alps, is scheduled to launch its first model in the third quarter and start deliveries in the fourth quarter. The company also maintains its gross margin guidance of 15% for the fourth quarter of last year and 15% to 18% for this year, with a medium to long-term target gross margin guidance ranging from 20% to 25%. The company also mentioned that it aims to add 1,000 battery swap stations this year and will rely on pop-up stores to penetrate into second and third-tier cities.</p>
<h3>Bank of America Merrill Lynch downgrades NIO Inc. USD OV ADR to &#34;Neutral&#34; from &#34;Buy&#34;</h3>
<h3>Redburn downgrades Apple to &#34;Neutral&#34; with a target price of USD 200</h3>

BABA

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AAPL

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<p>JPMorgan Chase has lowered its target price for BABA-SWR from HKD 120 to HKD 105, mainly due to Alibaba's weak revenue growth in the third quarter of the 2024 fiscal year, especially in terms of customer management income. This is expected to have a negative impact on the stock price in the near term.</p>

LB Select

Alibaba

BABA-W

NIO-SW

NIO Inc. USD OV

Apple

BABA-WR

JPMorgan Chase

Rating Quick Look | BABA-SWR target price continuously lowered! NIO-SW rating also downgraded