NEW YORK (TheStreet) -- Shares of Alibaba Group Holding Ltd are rising, higher by 1.71% to $97.39, in earlyamarket trading Monday after the Chinese e-commerce retailer giant had coverage initiated with a "buy" rating at Jeffries this morning. Analysts at the investment firm set a $118 price target on the stock, and said that Alibaba is the largest player in China e-commerce, but currently sells to less than 25%aof the population. Jeffries analysts added that the risks includealimited ability to influence online retail giant's corporate matters by individual shareholders as well a s a potential conflict of interest arising from the company's corporate structure. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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