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Fly News Breaks for May 20, 2015
BABA, YHOO
May 20, 2015 | 08:54 EDT
Morgan Stanley said Yahoo weakness related to reports the IRS is considering changes to its tax-free spinoff rules is a buying opportunity. The firm said the potential impact to Yahoo is unclear but the stock reaction almost fully discounts a worse case scenario. Morgan Stanley rates Yahoo an Overweight.
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