STOCKS | Brokers Cut Targets For Alibaba, Nio, Kuaishou And Others

Brokerages have revised target prices and ratings for a range of Hong Kong-listed stocks, including Alibaba, Nio, Kuaishou, China Mobile and China Shenhua, according to ETNet. Among the latest calls, Bernstein cut Alibaba's target price to HK$161 from HK$176 and kept an outperform rating. Goldman Sachs lowered Nio's target to HK$48 from HK$55 and maintained a buy rating. CLSA initiated coverage on Zhipu at HK$1,360 with a neutral rating, while it started coverage on Minimax at HK$600 with an outperform rating. Other changes included HSBC trimming targets for China Overseas Land, China Resources Land, Longfor and China Jinmao, and DBS cutting its target for China Mobile to HK$96 from HK$98 while keeping a buy rating.