Coverage Initiated: Alibaba (BABA), Micron (MU), Visa (V), PayPal (PYPL), MasterCard (MA)

In a report published Friday, Needham analysts initiated coverage on Alibaba Group Holding Limited (BABA) with a ‘Buy’ rating and $95 price target. The firm views the Chinese e-commerce giant as the best in class e-commerce marketplace. On valuation measures, Alibaba Group ADR shares currently have a PEG and forward P/E ratio of 1.12 and […] View the full post at: Coverage Initiated: Alibaba (BABA), Micron (MU), Visa (V), PayPal (PYPL), MasterCard (MA) Related posts: JPMorgan Switching Debit Platform Over to Visa from MasterCard Coverage Expansion and Cost Control in Health-Care Reform Apple’s (AAPL) Short Interest Nosedives