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RBC Capital Markets became the third investment bank to downgrade consumer Web portal Yahoo (YHOO) this week, saying the troubled company is no longer benefitting from Alibaba (BABA) now that the China Internet giant’s IPO has passed. RBC downgraded Yahoo on Thursday to sector perform and set a price target of 44. On Monday, Sanford C. Bernstein downgraded Yahoo stock to market perform from outperform, while Bank of America downgraded Yahoo stock Scalper1 News
Scalper1 News