Goldman Sachs Maintains Buy on Youku Tudou (YOKU)

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Goldman Sachs today maintained a Buy rating on Youku Tudou Inc. (NYSE: YOKU) with a modified price target of $20.00 (from $23.00). The stock declined yesterday after the company reported disappointed guidance.

Commenting on the news, analyst Piyush Mubayi said "While the lower than expected guidance does not change our bullish stance on the industry outlook, we recognize that YOKU's upcoming breakeven requires management to combine cost synergies with sustained revenue growth."

Mubayi added that he expects the the negative integration issues will fade away in the next two quarters.

For an analyst ratings summary and ratings history on Youku.com (NYSE: YOKU) click here. For more ratings news on Youku.com click here.

Shares of Youku.com closed at $20.39 yesterday, with a 52 week range of $13.82-$32.75.

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