ALIBABA DOWNGRADED ON LONGER RECOVERY RISK: Raymond James analyst Aaron Kessler downgraded Alibaba ($BABA) to Outperform from Strong Buy with a price target of $240, down from $300. While Kessler remains positive on Alibaba long-term and believes valuation remains attractive, the analyst feels the recovery in shares could take longer given the recent slowing of ecommerce growth combined with continued regulatory actions across China. Though some of the issues are transitory, Kessler believes these factors are weighing on consumer retail growth near-term and there is increased uncertainty in terms of a growth recovery.DIGITAL PROSPECTS HIT: Susquehanna analyst Joseph Stauff downgraded MGM Resorts ($MGM) to Negative from Neutral with a price target of $36, up from $10, citing what he sees as its weakening digital prospects in all "likely" scenarios following DraftKings' ($DKNG) bid for Entain ($GMVHF). His downgrade reflects the removal of what he viewed to be MGM's biggest value driver as he believes consensus "incorrectly assumes" DraftKings "comes in peace" and is focused only on Entain's international platform while planning to accommodate one of its major U.S. competitors. Even a best case for MGM is "still negative," because if either regulators block DraftKings' ability to acquire Entain's interest in BetMGM or MGM blocks the deal with its consent requirement it would lead to a permanent margin hit for BetMGM, argues Stauff. The most likely outcome is either DraftKings acquires the 50% interest in BetMGM as a precursor to owning it or MGM out-bids DraftKings at over $25B to cement control of BetMGM, either of which he would see leading to "notable downside in MGM."FACEBOOK STARTED AT RBC: RBC Capital analyst Brad Erickson initiated coverage of Facebook ($FB) with an Outperform rating and $425 price target. In a note partially titled "There's Just Nothing Else Quite Like It," Erickson said the next leg of growth depends on the company's ability to deepen its relationship with its nearly 3 billion users. He thinks the company is well positioned to "transition from a social-centric platform to a fuller source of online utility" through multiple product initiatives, he said. His channel checks have found little fundamental impact from recent IDFA changes, Erickson added. MULTIYEAR BOOM IN RESIDENTIAL SOLAR: BMO Capital analyst Ameet Thakkar initiated coverage of Sunrun ($RUN) with an Outperform rating and $65 price target. The analyst forecasts a multiyear boom in residential solar in the U.S., noting that Sunrun is the country's largest residential solar provider. Thakkar added that Sunrun continues to drive down its cost of capital, which could results in more free cash flow to equity. Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .