Analyst Defends Alibaba (BABA) on Mid-Day Swoon
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Mizuho Securities Cuts Price Target on Yahoo! (YHOO) Following IRS decision
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Analyst Neil Doshi commented, "After the... More
Evercore ISI Reiterates Hold on Yahoo! (YHOO) Following IRS Decision
September 9, 2015 9:08 AM EDTEvercore ISI reiterated a Hold rating and $38.00 price target on Yahoo! (NASDAQ: YHOO) following IRS's decision to tax the company's BABA spin-off.
Analyst Ken Sena commented, "YHOO released an 8-K after the close today indicating that the IRS would not grant a... More
Cantor Fitzgerald Cuts Price Target on Alibaba (BABA) Following Investor Conference
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Cantor Fitzgerald Cuts Price Target on Yahoo! (YHOO) Following IRS Decision Over Tax-Free Spin-Off
September 9, 2015 7:24 AM EDTCantor Fitzgerald reiterated a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $45.00 (from $56.00) following IRS' decision that it would not grant the requested private letter ruling related to the proposed tax-free spin-off of Yahoo's remaining stake in BABA. Yahoo's Board will continue to consider all options, including proceeding with the spin-off transaction on the basis of an opinion from counsel.
Analyst Youssef... More
Needham & Company Remains Bullish on Yahoo! (YHOO) After IRS Refused Tax Ruling on Spin-off
September 9, 2015 7:16 AM EDTNeedham & Company reiterated a Buy rating and $55.00 price target on Yahoo! (NASDAQ: YHOO) after the IRS refused to rule ahead of time that YHOOs proposed spin-off of Aabaco would be tax free.
Analyst Laura Martin commented, "The IRS refused to rule... More
Alibaba (BABA) Numbers Cut at Summit Research Following Conference Comments
September 8, 2015 1:29 PM EDTSummit Research analyst Henry Guo reiterated a Buy rating but cut estimates and his price target on Alibaba (NYSE: BABA) to $81.00 (from $91.00) based on recent comments from Alibab's Group IR Director, Jane Penner.
"Based on recent industry conversations further bolstered by today's... More
UPDATE: Alibaba (BABA), Yahoo! (YHOO) Shares Hit
September 8, 2015 11:52 AM EDT(Updated - September 8, 2015 12:01 PM EDT)
Alibaba (NYSE: BABA) and Yahoo! (Nasdaq: YHOO) shares have fallen sharply to session lows Tuesday.
UPDATE: The downside is said related to comments from Alibaba at today's Citi conference. LINK
... More
