
Alibaba Group (NYSE:BABA) Trading Down 1.6% Following Analyst Downgrade

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Alibaba Group's stock (NYSE:BABA) fell 1.6% after Barclays downgraded its price target from $180 to $145, maintaining an overweight rating. The stock traded as low as $114.04, with a volume decline of 68% from average levels. Other analysts also lowered their price targets, with a consensus rating of "Moderate Buy" and a target price of $150.80. The company has a market cap of $274.27 billion and a dividend yield of 0.8%.
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