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Fly News Breaks for August 19, 2015
YHOO
Aug 19, 2015 | 07:41 EDT
Cantor lowered its price target on Yahoo (YHOO) to reflect the reduction in its price target on Alibaba (BABA) to $95 from $110 following the Chinese company's Q2 results. Cantor says that Yahoo's shares are probably pricing in too high of a tax rate for the spin off of its Alibaba shares. Cantor reiterates a Buy rating on Yahoo.
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