Yahoo!: MKM Slashes Target on BABA Devaluation, IRS Uncertainty

Barron’s, By Tiernan Ray | September 16th, 2015 (Read article)

Yahoo! (YHOO) analysts continue to asses the impact to the company of troubles with Alibaba Group Holding (BABA), in which Yahoo! holds a minority stake that it has been planning to spin out.

MKM Partners’s Bob Sanderson today reiterates a Buy rating on Yahoo!, but cuts his price target to $43 from $53, after cutting his Alibaba price target to $85 from $105, a combination of reduced value at Alibaba and lower likelihood Yahoo! will be able to get the tax-free spinoff of its stake it has been pursuing

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2016-10-23T23:30:20+00:00