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Investment brokerage BGC upgraded Yahoo to buy from hold and boosted its price target on Monday, based not on the company’s core business but on the BCG’s new “sum-of-the-parts value” for the struggling Internet company, which has found itself flush with cash following the Alibaba IPOhttp://news.investors.com/iponews.htm last month. BGC also raised its price target on Yahoo (YHOO) stock to 50 from 37. Yahoo stock, though, fell 3.1% Monday, to Scalper1 News
Scalper1 News