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Fly News Breaks for April 20, 2016
BABA, YHOO
Apr 20, 2016 | 07:45 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Yahoo (YHOO) to $49 from $40 on the increase in Alibaba's (BABA) stock, his assumptions that Yahoo-core is sold for 8x EBITDA, Alibaba stake remains un-taxed, and Yahoo! Japan is sold on a taxable basis. The analyst reiterates an Outperform rating on Yahoo's shares.
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