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Fly News Breaks for March 27, 2015
YHOO
Mar 27, 2015 | 08:06 EDT
As previously reported, Morgan Stanley initiated Yahoo (YHOO) with an Overweight rating and $55 price target. The firm believes Yahoo is an attractive way to buy Alibaba (BABA), which it views as undervalued. Morgan Stanley believes Alibaba is worth $38/Yahoo share in tax free spin off and said any improvement in Yahoo's core should result in share upside.
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