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AABA

Altaba

$72.76

-1.4 (-1.89%)

, BABA

Alibaba

$178.30

-1.25 (-0.70%)

06:52
04/04/19
04/04
06:52
04/04/19
06:52

JPMorgan downgrades Altaba to Neutral ahead of dissolution

JPMorgan analyst Douglas Anmuth downgraded Altaba (AABA) to Neutral from Overweight and lowered his price target for the shares to $78 from $84. Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels, Anmuth tells investors in a research note. The analyst says this is not the tax-efficient outcome he had hoped for. He believes Altaba's ability to execute the most efficient transaction ultimately depended on Alibaba's (BABA) interest and willingness to participate, and "it was clear Alibaba has not shown an interest in repurchasing its shares." His Neutral rating reflects his expectation for a Q4 dissolution.

AABA

Altaba

$72.76

-1.4 (-1.89%)

BABA

Alibaba

$178.30

-1.25 (-0.70%)

AABA Altaba
$72.76

-1.4 (-1.89%)

09/13/18
JEFF
09/13/18
UPGRADE
JEFF
Buy
Yahoo Japan upgraded to Buy from Hold at Jefferies
Jefferies analyst Hiroko Sato upgraded Yahoo Japan (YAHOY) to Buy and raised his price target for the shares to 500 yen from 400 yen. An overhang has been lifted as Altaba (AABA) exits its stake, Sato tells investors in a research note. Further, he notes that Yahoo Japan is moving forward by adding more services such as PayPay. He's "making a valuation call" saying the stock is at the cheaper end of his e-commerce coverage.
11/05/18
JPMS
11/05/18
NO CHANGE
Target $80
JPMS
Overweight
Altaba price target lowered to $80 from $90 at JPMorgan
JPMorgan analyst Doug Anmuth lowered his price target for Altaba (AABA) to $80 fallowing Alibaba's (BABA) fiscal Q2 earnings report. The analyst, however, keeps an Overweight rating on the shares. Altaba shares continue to trade at a 23% discount to pre-tax net asset value, which implies expectations for a fully-taxed Alibaba share monetization and more upside than downside to closing the discount, Anmuth tells investors in a research note.
04/03/19
JEFF
04/03/19
NO CHANGE
Target $200
JEFF
Buy
Altaba exit may weigh on near-term Alibaba sentiment, says Jefferies
Altaba's (AABA) liquidation plan, with includes exiting its 11% stake in Alibaba Group (BABA), may weigh on near-term sentiment for Alibaba's share price, Jefferies analyst Karen Chan tells investors in a researcher note. If its plan is approved by shareholders, Altaba would sell its remaining shares in Alibaba through open market transactions and/or private dispositions, resulting in an expected liquidation distribution of approximately $39.8B-$41.1B in Q4, Chan writes. Altaba intends to sell no more than 50% of its Alibaba shares prior to receiving stockholder approval, the analyst adds. Chan, however, continues to like Alibaba's "resilience and expansion into the Chinese online consumption pocket with high-margin feed monetization lever remaining in place." She believes the company's fundamentals remain intact and keeps a Buy rating on the name with a $200 price target. Alibaba Group is down 2%, or $3.24, to $178.47 in early trading while Altaba is down 1% to $72.98.
04/04/19
JPMS
04/04/19
DOWNGRADE
Target $78
JPMS
Neutral
Altaba downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Douglas Anmuth downgraded Altaba to Neutral from Overweight and lowered his price target for the shares to $78 from $84.
BABA Alibaba
$178.30

-1.25 (-0.70%)

03/26/19
MSCO
03/26/19
NO CHANGE
Target $196
MSCO
Overweight
Alibaba recommendation feed a source of possible upside, says Morgan Stanley
Following the firm's Hong Kong Summit, Morgan Stanley analyst Grace Chen keeps an Overweight rating on Alibaba, stating that its potential monetization of the recommendation feed provides a chance to take a larger share of brands' distribution and marketing budgets. However, monetization of the recommendation feed depends on both product readiness and merchant readiness, said Chen, who added that Alibaba's ongoing investments should help sustain long-term growth. She has a $196 price target on Alibaba shares.
03/28/19
BARD
03/28/19
NO CHANGE
BARD
Alibaba price target raised to $195 from $178 at Baird
Baird analyst Colin Sebastian maintained his Outperform rating on Alibaba, and increased his price target on shares to $195 from $178. The analyst called Alibaba-subsidiary Lazada an "under-appreciated asset with a well-developed growth strategy geared to the inflecting Southeast Asia e-commerce market," and believes revenue diversification for the company outside China will be a future stock catalyst.
04/01/19
BOFA
04/01/19
NO CHANGE
Target $215
BOFA
Buy
Alibaba's Alipay evolving into 'super-app,' says BofA/Merrill
BofA/Merrill analyst Eddie Leung believes Ant Financial's Alipay app will emerge into a "large mobile platform." He sees Alipay "serving the needs in everyday life of its users and offering bigger opportunities to cooperate with the other business units" under Alibaba (BABA). The cooperation with the Alibaba business units should bring mutual benefits and allow Alipay to evolve into a "super-app," Leung tells investors in a research note. The analyst has a Buy rating on Alibaba with a $215 price target.

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TSLA

Tesla

$273.25

2.13 (0.79%)

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SPY

SPDR S&P 500 ETF Trust

$289.99

0.52 (0.18%)

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$289.99

0.52 (0.18%)

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$0.00

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BA

Boeing

$380.02

2.48 (0.66%)

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BA

Boeing

$380.02

2.48 (0.66%)

08:36
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BA

Boeing

$380.02

2.48 (0.66%)

08:29
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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
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PINS

Pinterest

$24.46

(0.00%)

13:04
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HUM

Humana

$240.65

7.645 (3.28%)

, CI

Cigna

$148.95

3.46 (2.38%)

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HUM

Humana

$240.65

7.645 (3.28%)

CI

Cigna

$148.95

3.46 (2.38%)

ANTM

Anthem

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3.38 (1.43%)

UNH

UnitedHealth

$221.74

4.93 (2.27%)

CVS

CVS Health

$52.62

0.08 (0.15%)

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TSLA

Tesla

$273.25

2.13 (0.79%)

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AMD

AMD

$27.68

0.18 (0.65%)

, INTC

Intel

$58.49

-0.08 (-0.14%)

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AMD

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INTC

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QCOM

Qualcomm

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AAPL

Apple

$203.83

0.69 (0.34%)

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SAM

Boston Beer

$266.90

0.89 (0.33%)

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SPOT

Spotify

$139.53

1.88 (1.37%)

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BA

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, HRL

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HRL

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WFTBF

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IFSPF

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

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AWK

American Water

$104.63

2.32 (2.27%)

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FSNN

Fusion

$0.24

0.0048 (2.01%)

19:45
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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
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V

Visa

$160.14

-0.33 (-0.21%)

19:40
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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
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04/19
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Four Corners Property Trust acquires restaurant properties for $2.6M »

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