Notable Downgrades: Alibaba Group (BABA), Symantec (SYMC), Fossil Group (FOSL), JA Solar Holdings (JASO)
August 12, 2015 at 14:55 PM EDT
Analysts at Wedbush downgraded Alibaba Group Holding Limited (BABA) from ‘Outperform‘ to ‘Neutral‘ in a research report issued to clients on Wednesday. On valuation measures, Alibaba Group Holding Ltd. ADR stock it’s trading at a forward P/E multiple of 19.66x, and at a multiple of 46.60x this year’s estimated earnings. The t-12-month revenue at Alibaba […] View the full post at: Notable Downgrades: Alibaba Group (BABA), Symantec (SYMC), Fossil Group (FOSL), JA Solar Holdings (JASO) Related posts: Alibaba Ready To Buy Back Yahoo Stake PIMCO Sells CIT Group Holdings Galleon Group’s Top 10 Holdings
