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AABA

Altaba

$57.23

0.77 (1.36%)

, BABA

Alibaba

$151.83

2.31 (1.54%)

07:20
07/17/17
07/17
07:20
07/17/17
07:20

Altaba price target raised to $69 from $58 at UBS

UBS analyst Eric Sheridan raised his price target on Altaba (AABA) to $69 from $58 following its transformation from Yahoo. The analyst said tax efficient structures could allow the company to monetize its Alibaba (BABA) and Yahoo Japan stakes and the possibility of a federal tax cut provides additional optionality for tax efficiency. Sheridan reiterated his Buy rating on Altaba shares.

AABA

Altaba

$57.23

0.77 (1.36%)

BABA

Alibaba

$151.83

2.31 (1.54%)

AABA Altaba
$57.23

0.77 (1.36%)

06/28/17
06/28/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Altaba (AABA) initiated with an Overweight at JPMorgan. 2. Aetna (AET) and Humana (HUM) were initiated with a Buy at Citi. The firm also added Aetna to its Focus List. 3. CVS Health (CVS) and Walgreens Boots Alliance (WBA) were initiated with a Hold at Needham. 4. Oaktree Capital (OAK) initiated with a Hold at Jefferies. 5. General Motors (GM) resumed with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/17
JPMS
06/28/17
INITIATION
Target $65
JPMS
Overweight
Altaba initiated with an Overweight at JPMorgan
JPMorgan analyst Doug Anmuth started Altaba (AABA) with an Overweight rating and $65 price target. The analyst cites expected upside in Alibaba (BABA), the ability for Altaba to close its 31% valuation discount over time, and expected Yahoo Japan (YAHOY) upside for his bullish thesis.
BABA Alibaba
$151.83

2.31 (1.54%)

06/27/17
06/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. JPMorgan analyst Alex Yao resumed coverage of Alibaba (BABA) Group with an Overweight rating and $190 price target following a period of restriction. The rating is unchanged and the price target is raised from $140. 2. SunTrust analyst Terry Tillman initiated Salesforce (CRM) with a Buy and a $110 price target and views its as a core holding for large-cap investors. 3. Citi analyst Joel Beatty started Arena Pharmaceuticals (ARNA) with a Buy rating and $23 price target. 4. Deutsche Bank analyst Bryan Kraft started Lionsgate Class A (LGF.A) shares with a Hold rating and $29 price target. 5. Cantor Fitzgerald analyst Louise Chen assumed coverage of Amarin (AMRN) with an Overweight rating and $10 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/17
JPMS
06/27/17
INITIATION
Target $190
JPMS
Overweight
Alibaba resumed with Overweight, $190 target at JPMorgan
JPMorgan analyst Alex Yao resumed coverage of Alibaba Group with an Overweight rating and $190 price target following a period of restriction. The rating is unchanged and the price target is raised from $140. The shares closed yesterday down 28c to $142.73. Alibaba's core commerce is expanding from traffic monetization to data monetization, which will quickly expand to its media/cloud businesses, Yao tells investors in a research note.
06/27/17
LEHM
06/27/17
NO CHANGE
Target $175
LEHM
Overweight
Alibaba price target raised to $175 from $141 at Barclays
Barclays analyst Gregory Zhao raised his price target for Alibaba to $175 saying the company's new FY18 revenue guidance of 45%-49% growth is "striking" given management's typically conservative stance. The analyst continues to see upside to shares from core retail, AliCloud and other investments. He keeps an Overweight rating on Alibaba.

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