Yahoo! (YHOO) Undervalued Despite New IRS Spin-Off Uncertainty, Cantor Fitzgerald Says
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Accumulate Yahoo! (YHOO) on IRS Headline Weakness, Nomura Says
May 20, 2015 9:06 AM EDTNomura Securities analyst Anthony DiClemente maintained a Buy rating on Yahoo! (NASDAQ: YHOO) but trimmed his price target to $52.00 (from $54.00) on news the IRS may revisit regulations around tax-free spinoffs, which could jeopardize the tax-free nature of the planned spinoff of Yahoos... More
IRS Spin-Off Announcement General But Likely Motivated by Yahoo! (YHOO), Says BofA
May 20, 2015 8:01 AM EDTBofA/Merrill Lynch maintained a Buy rating on Yahoo! (NASDAQ: YHOO) but trimmed its price target to $56.00 (from $58.00). Shares of Yahoo! dropped sharply Tuesday after an IRS official said they are considering changes to rules for tax-free spin-offs. The change would potentially effect... More
Yahoo! (YHOO) Weakness Creates Opportunity as Stock Already Reflects Worst Case Tax Scenario, SunTrust's Peck Says
May 20, 2015 6:55 AM EDTSunTrust Robinson Humphrey analyst Robert Peck reiterated a Buy rating and $59 price target on Yahoo! (NASDAQ: YHOO) saying the IRS questions create an opportunity and the stock has already priced in a worst case tax scenario.
Peck commented, "Yesterday, headlines from a speech... More
Yahoo! (YHOO) Affirms Alibaba (BABA), Yahoo Small Business Spin-off Plans Amid IRS Rule Change Chatter
May 20, 2015 6:43 AM EDTYahoo! (NASDAQ: YHOO) issued the following statement early Wednesday:
An IRS representative stated Tuesday that the IRS plans to study its rules for issuing private letter rulings regarding the active trade or business requirement in spin-off transactions and will hold off processing new... More
Yahoo! (YHOO) Hits Session Lows as IRS Said to Change Spinoff Rules
May 19, 2015 3:42 PM EDT(Updated - May 19, 2015 3:59 PM EDT)
(Updated - May 19, 2015 3:55 PM EDT)
(Updated - May 19, 2015 :4:29 PM EDT)
Yahoo! (Nasdaq: YHOO) shares hit session lows heading into the close of trading on Tuesday. Weakness was tied to an IRS ruling that could... More
