Jiong Shao

On Wednesday, analysts at Macquarie Research initiated coverage on shares of Alibaba Group Holding Ltd. (NYSE: BABA) with a Neutral rating and $88 price target. Jiong Shao stated, “With shares already trading at 25 times calendar year 2016 EPS, we prefer to wait for a better entry point....

In a report published Tuesday, Macquarie Capital analyst Jiong Shao reiterated an Outperform rating on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), and raised the price target from $90.00 to $118.00. In the report, Macquarie Capital noted, “Qihoo reported strong Q3 results and provided better than...