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Fly News Breaks for February 3, 2016
YHOO
Feb 3, 2016 | 07:43 EDT
Susquehanna said Yahoo's Q4 results were surprisingly solid but its core struggles remain. The firm noted Q1 and full year 2016 guidance came in lower than expected, making it clear any turnaround will take more time. Susquehanna also noted the company's comments it will explore strategic alternatives and sees other catalysts emerging that keeps them positive on the stock. Susquehanna reiterated its Positive rating and lowered its price target to $40 from $41 on Yahoo shares.
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