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“Only time will tell” if a boost in sales promotions costs at Yahoo (YHOO)-owned Yahoo Japan will pay off, according to investment bank Nomura. The uncertainty spurred Nomura to cut its price target and organic earnings forecasts for the Yahoo subsidiary. On Sunday, Nomura reduced its price target for Yahoo Japan stock to 480 yen ($3.97) from 520 yen ($4.30) while maintaining a neutral rating. The stock is traded on the Tokyo exchange. Silicon Scalper1 News
Scalper1 News