Business Corpus: These China Stocks Get A Price-Target Cut With Alibaba Earnings At HandSeveral China stocks received price target cuts Tuesday by UBS, just ahead of Alibaba earnings which arrive Friday morning. The post These China Stocks Get A Price-Target Cut With Alibaba Earnings At Hand appeared first on Investor's Business Daily.

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Several major China stocks received price-target cuts Tuesday, just ahead of Alibaba earnings which arrive Friday morning.

Alibaba (BABA), the China e-commerce giant, saw its price target get cut from Nomura analyst Jialong Shi. Shi lowered his price on Alibaba to 202 from 224, with a buy rating.

Meanwhile, UBS analyst Jerry Liu cut price targets on Momo (MOMO), Weibo (WB), YY (YY) and Huya (HUYA). The reduction comes amid a significant pullback in China stock this year. A weakening macroeconomy and trade war issues are wreaking havoc in China.

Alibaba stock climbed to 136.33, up 2.2% on the stock market today. The stock is down 23% this year.

First Decline For Alibaba?

Alibaba earnings arrive before the market open Friday. Analysts look for an adjusted profit of $1.06 per share. That's down 18% from the year-ago period and its first quarterly revenue decline in 10 quarters. Analysts estimate revenue of $12.45 billion, up 50% and its slowest growth in six quarters, for its fiscal second quarter.

Shi said concerns circling Alibaba include a softening of China retail sales in recent months.

"In light of China's softening macro and retail market data, we would not be surprised if guidance is revised down eventually," Shi wrote in a note to clients.

Among other China stocks, UBS analyst Liu lowered his price target on Momo to 45 from 60 but maintained a buy rating.

Negative On China Internets

"Investors have turned more negative on China Internet due to macro, regulatory, and currency concerns," Liu wrote. "But we remain positive on Momo especially among our small/mid-cap coverage, and see significant upside for the stock and an attractive risk/reward."

Momo stock climbed 1.8% to close at 30.64. Momo is a provider of live video-streaming services.

Liu cut his price target on YY to 80 from 120, and maintained a buy rating.

YY stock jumped 3.7% to close at 60.25. YY also offers video and livestreaming services

Weibo saw its price target lowered to 70 from 110, with a buy rating.

"Advertising spending has come under pressure in the last few months due to new and potential regulation, especially in gaming, e-commerce and education," Liu wrote.

Weibo, Huya Moves

Weibo added 0.8% to 55.07.

Huya had its price target lowered to 31 from 32, with a rating of neutral.

Huya gained 2.4% to 17.79.

Trade tariffs continue to weigh heavily on China stocks. On Monday, Bloomberg News reported the Trump administration plans to announce a possible new wave of tariffs on Chinese goods in December.

The tariffs will come if upcoming talks between President Trump and his Chinese counterpart Xi Jinping fail to substantially diffuse tensions, Bloomberg said.

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The post These China Stocks Get A Price-Target Cut With Alibaba Earnings At Hand appeared first on Investor's Business Daily.