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Fly News Breaks for September 14, 2015
YHOO
Sep 14, 2015 | 08:26 EDT
After Yahoo's CMO, CAO, and EMEA head left the company, SunTrust says that pressure on Yahoo CEO Marissa Mayer is increasing. The firm gives Mayer a "C" for her tenure, but it believes that the stock is pricing in a worst case scenario and that the shares can rebound. The firm believes that the stock is pricing in full tax payments on the company's Alibaba (BABA) stake, but it thinks the company probably "has other tax-efficient monetization options." It keeps a $40 price target and Buy rating on Yahoo.
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