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Fly News Breaks for July 14, 2015
YHOO
Jul 14, 2015 | 09:17 EDT
Citi analyst Mark May estimates that Yahoo! Sports Daily Fantasy, which allows users to bet on daily sporting events, could add $50M-$80M to the company's revenue in 2016 and up to $120M in 2017. The recently launched service could bring 2% upside to current forecasts, May tells investors in a research note. He keeps a Buy rating on Yahoo with a $56 price target. Last week, the analyst estimated that a search deal with Google could add $200M-$400M to Yahoo's GAAP revenue.
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