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Fly News Breaks for April 20, 2016
BABA, YHOO
Apr 20, 2016 | 08:45 EDT
Needham analyst Laura Martin says Yahoo (YHOO) has as much as 50% potential upside, according to her sum of the parts calculations. Despite the company's weak fundamentals, the analyst believes the sale of Yahoo's core business will be successful, which implies tax free status for Alibaba (BABA) and Yahoo! Japan. Martin reiterates a Buy rating and $40 price target on Yahoo's shares.
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