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Benzinga Breakfast Notes: Brean Capital Increases Alibaba Price Target From $110 To $115

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Highlights from Brean Capital on Alibaba Group Holding Ltd (NYSE: BABA).

1. Solid FY2Q15 Results

2. Strong growth in China Retail marketplaces.

3. Alibaba's mobile revenue continued to accelerate in 2Q to RMB 3.7bn y/y +1,020 percent.

4. They expect Alibaba to benefit from strong mobile trends.

5. Mobile to gradually catch-up with the PC use in China.

6. Expecting robust FY3Q15 outlook.

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Posted-In: Brean CapitalAnalyst Color Analyst Ratings

 

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