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Fly News Breaks for August 15, 2018
BABA, AABA
Aug 15, 2018 | 09:32 EDT
MKM Partners analyst Rob Sanderson lowered his price target on Altaba (AABA) to $115 to account for the tax liability of its recent divestment of Alibaba (BABA) and Yahoo Japan stakes along with its own stock repurchase. The analyst also keeps his Buy rating on Altaba, stating that the recent volatility in its stock is all macro related, which should be limited to currency transition since the consumption economy in China still has "very strong drivers".
News For AABA;BABA From the Last 2 Days
