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UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook
August 13, 2015 9:25 AM EDTUBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).
Analyst Eric... More
Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results
August 13, 2015 7:29 AM EDTBrean Capital maintained a Buy rating on Alibaba (NYSE: BABA) and cut the price target to $92.00 (from $97.00), following the company's 1Q16 earnings report. Revenue came in at RMB 20.2bn (+28% YoY), below consensus estimates of RMB 20.9bn. Adjusted EPS came in at $0.59, beating consensus by one penny.
Analyst Fawne Jiang commented, "BABA printed soft FY1Q16 results, largely driven by factors... More
