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Fly News Breaks for April 22, 2015
YHOO
Apr 22, 2015 | 06:08 EDT
Piper Jaffray lowered its price target for Yahoo to $54 saying the company's Q1 results and guidance indicate that the turnaround will remain slow. Piper believes Yahoo is multiple quarters from releasing a meaningful search product. It thinks the reason to own Yahoo remains in the sum of parts with Alibaba and ultimately Yahoo Japan. The firm keeps an Overweight rating on the name.
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