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Fly News Breaks for July 22, 2015
BABA, YHOO
Jul 22, 2015 | 07:31 EDT
JPMorgan analyst Doug Anmuth lowered his price target for Yahoo (YHOO) shares to $51 after the company's outlook for Q3 was softer than anticipated. A lack of commentary on the Alibaba (BABA) transaction is likely to weigh on shares, Alibaba tells investors in a research note. He keeps an Overweight rating on the stock.
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