Scalper1 News
Yahoo (YHOO) was handed its second price target cut in a week on Thursday as investors weighed in on whether the company can successfully pull off the proposed tax-free spinoff of its stake in China e-commerce conglomerate Alibaba Group (BABA) . FBR analyst William Bird said in an industry research note on Thursday that his valuation assumes a full tax shield on Alibaba. “Yahoo’s 15.5% stake in Alibaba is a key component of (Yahoo’s) valuation,” Scalper1 News
Scalper1 News