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Actionable news in FXI: ISHARES CHINA LARGE-CAP ETF,

Alibaba: 16% Upside As Earnings Rise, Stifel Says

Stifel raised its price target by 9% on Alibaba Group Holdings ahead of the Chinese internet giant's quarterly financial report Thursday.

Shares of Alibaba (BABA) were up 0.5% to $155.35 in early trading after Stifel analysts Scott Devitt, Lamont Williams and D. Logan Thomas upped their fiscal first quarter earnings estimates, moved their price target to $180 from $165 and added the stock to the Stifel Select List.

From the analysts' report on "the largest eCommerce company in the world ... with well over half the market share of China online shipping":

" ... Our new F1Q:18 / FY:18 revenue estimates are modestly ahead of consensus...

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