Analyst Defends Alibaba (BABA) on Mid-Day Swoon

Nomura Securities Cuts Price Target on Yahoo! (YHOO) Following IRS Decision on Private Letter Ruling

Nomura Securities maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $40.00 (from $48.00). following the IRS' decision not to grant a private letter ruling, which would have provided a clear path for the completion of Yahoos proposed tax-free spinoff... More

UBS Reiterates Buy on Yahoo! (YHOO) Following IRS Decision

UBS reiterated a Buy rating and $51.00 price target on Yahoo! (NASDAQ: YHOO) following the IRS's decision to decline a private letter ruling regarding a tax-free spin-off of Alibaba (NYSE: BABA). At the same time, the IRS did not conclude that the spin-off was taxable. This should... More

Mizuho Securities Cuts Price Target on Yahoo! (YHOO) Following IRS decision

Mizuho Securities reiterates a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $43.00 (from $48.00), following announced IRS decision. IRS opted to not issue a tax-free ruling for the company's proposed Aabaco spin-off.

Analyst Neil Doshi commented, "After the... More

Evercore ISI Reiterates Hold on Yahoo! (YHOO) Following IRS Decision

Evercore ISI reiterated a Hold rating and $38.00 price target on Yahoo! (NASDAQ: YHOO) following IRS's decision to tax the company's BABA spin-off.

Analyst Ken Sena commented, "YHOO released an 8-K after the close today indicating that the IRS would not grant a... More

Cantor Fitzgerald Cuts Price Target on Alibaba (BABA) Following Investor Conference

Cantor Fitzgerald maintained a Buy rating on Alibaba (NYSE: BABA), and cut the price target to $88.00 (from $95.00), following an investor conference. Comments made by the company indicated that GMV growth is seeing negative impact on consumer spending as a result of ongoing macro weakness in... More

Cantor Fitzgerald Cuts Price Target on Yahoo! (YHOO) Following IRS Decision Over Tax-Free Spin-Off

Cantor Fitzgerald reiterated a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $45.00 (from $56.00) following IRS' decision that it would not grant the requested private letter ruling related to the proposed tax-free spin-off of Yahoo's remaining stake in BABA. Yahoo's Board will continue to consider all options, including proceeding with the spin-off transaction on the basis of an opinion from counsel.

Analyst Youssef... More

Needham & Company Remains Bullish on Yahoo! (YHOO) After IRS Refused Tax Ruling on Spin-off

Needham & Company reiterated a Buy rating and $55.00 price target on Yahoo! (NASDAQ: YHOO) after the IRS refused to rule ahead of time that YHOOs proposed spin-off of Aabaco would be tax free.

Analyst Laura Martin commented, "The IRS refused to rule... More

Alibaba (BABA) Numbers Cut at Summit Research Following Conference Comments

Summit Research analyst Henry Guo reiterated a Buy rating but cut estimates and his price target on Alibaba (NYSE: BABA) to $81.00 (from $91.00) based on recent comments from Alibab's Group IR Director, Jane Penner.

"Based on recent industry conversations further bolstered by today's... More

UPDATE: Alibaba (BABA), Yahoo! (YHOO) Shares Hit

(Updated - September 8, 2015 12:01 PM EDT)

Alibaba (NYSE: BABA) and Yahoo! (Nasdaq: YHOO) shares have fallen sharply to session lows Tuesday.

UPDATE: The downside is said related to comments from Alibaba at today's Citi conference. LINK