Accumulate Yahoo! (YHOO) on IRS Headline Weakness, Nomura Says
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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) Undervalued Despite New IRS Spin-Off Uncertainty, Cantor Fitzgerald Says
May 20, 2015 6:36 AM EDTCantor Fitzgerald analyst Youssef Squali weighed in on Yahoo! (NASDAQ: YHOO) today after commentary from the IRS's Office of Associate Chief Counsel late afternoon yesterday regarding changes to the tax treatment of certain spinoffs raised a cloud of uncertainty around Yahoo!s... More
Market Wrap: Housing Starts Rip in April; Achillion Enters Key HCV Pact; IRS May Stymie Yahoo!'s Asset Spin Plans
May 19, 2015 5:25 PM EDTMarket wrap for May 19th
End of the Day: S&P 500 down 1.4 to 2,127.83; Dow Jones up 13.5 to 18,312.39; Nasdaq down 8.4 to 5,070.03
Market Brief: Markets were mixed amid another light, post-Q1 trading session.
Strong housing data was reported early Tuesday with housing starts and building permits both outpacing expectations for April.
Yahoo! dropped late in the session on speculation that new IRS rules might curb its plans for a tax-free spin of its Alibaba stake.
Computer Sciences announced that it would split... 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
