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Fly News Breaks for June 10, 2015
BABA, YHOO
Jun 10, 2015 | 07:19 EDT
UBS said the firm is confident in the upside potential for Yahoo (YHOO) shares, citing continued cost cutting and a core turnaround, a sum-of-the-parts analysis with the Alibaba (BABA) spinoff and the potential for Yahoo Japan monetization. UBS reiterated its Buy rating but lowered its price target to $58 from $59 on Yahoo shares.
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