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Fly News Breaks for July 30, 2015
YHOO
Jul 30, 2015 | 05:46 EDT
Piper Jaffray analyst Gene Munster says Yahoo's live video texting app Livetext falls somewhere between Snapchat and Periscope. Livetext won't have a meaningful impact on Yahoo revenue for several years, but if it takes off it would be all upside to the story since there are no expectations, Munster tells investors in a research note. He keeps an Overweight rating on Yahoo with a $54 price target.
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