Amazon.com (NASDAQ:AMZN) with a Buy and lowers the price target from $165 to $125.
Alibaba Kicks Off 2021 ‘Singles Day’ Global Shopping Festival: What You Need to Know
Singles Day, observed on Nov. 11, is an unofficial Chinese holiday and it has evolved as the largest physical retail and online shopping day in the world. Chinese retailers capitalize on the shipping frenzy associated with the day to perk up their bottom line.