Alibaba Gets Buy Rating Reiteration from JPMorgan After CEO Change and New Business Plans
• JPMorgan Chase analyst reiterated Alibaba "buy" rating and $15.37 price target • News came after several major developments for Alibaba, including CEO change and business unit splits • Alibaba creating new asset management unit to handle non-core assets • Alibaba recently declared its first ever annual dividend, yielding under 1.5% • Article questions if investors should put $1,000 into Alibaba stock right now