Citi says shares of Alibaba (BABA) closed lower Friday after the Financial Times reported that a White House memo claimed the company provided Chinese military with technology support against targets in the U.S. The firm believes Alibaba complies with all applicable laws but sees the report serving as a near-term overhang on the stock. Citi sees any selloff as a buying opportunity and keeps a Buy rating on Alibaba with a $218 price target
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