Analysts from multiple firms raised their price target on Alibaba Group Holding Limited (BABA) shares, including UBS (from $80.00 to $74.00), Axiom Capital (from $85.00 to $92.00), RBC Capital Markets (from $80.00 to $95.00), Oppenheimer (from $85.00 to $90.00) and Deutsche Bank (from $85.00 to $89.00)
Alibaba delivered second quarter fiscal 2016 revenue of RMB22,171 million ($3.49 billion), a 32% increase year over year, and non-GAAP net income of RMB9,252 million ($1.46 billion), or RMB3.63 ($0.57) per diluted share for the period
Alibaba is the largest online and mobile commerce company in the world in terms of gross merchandise volume.
Brokerage firm Scotia Howard Weil maintained a Sector Perform rating on BP p.l.c. (BP)'s stock and increased its price objective from $33.00 to $40.00
BPposted third-quarter 2015 adjusted earnings (excluding non-operating items) of $0.60 per American Depositary Share (ADS) on a replacement cost basis, surpassing Wall Street analysts' average estimate of $0.32 earnings per share for the period
BP provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide.
Investment analysts at Topeka Capital Markets boosted their price target on Fiserv, Inc. (FISV) shares from $83.00 to $87.00. Also equity researchers at Oppenheimer and Barclays raised their price target on the company's stock from $95.00 to $100.00 and from $82.00 to $93.00 respectively
For the third quarter 2015, Fiserv posted revenue of $1.31 billion and adjusted earnings per share of $1.03, topping the Capital IQ Consensus Estimate of $0.97 earnings per share.
Fiserv enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.
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