UBS: Lowers Alibaba Health (00241.HK) target price to HK$2.8, maintains "Sell" rating.
Zhitong Finance APP has learned that UBS issued a report, lowering the target price of Alibaba Health (00241.HK) from HK$3.1 to HK$2.8, maintaining a "Sell" rating; the new target price is based on 17 times FY2028 adjusted earnings per share, previously 19 times, slightly below the average of internet healthcare peers, to reflect the company's weaker earnings growth prospects.
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