Yahoo may have to pay taxes on Alibaba spinoff

Yahoo!'s (YHOO) Price Target Reduced to $48 at BofA/Merrill Lynch

BofA/Merrill Lynch maintained a Buy rating on Yahoo! (NASDAQ: YHOO) but lowered its price target to $48.00 (from $55.00).

For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $30.90 yesterday.

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

Yahoo! (YHOO) Sees Red-to-Green Reversal Despite IRS Ruling

Yahoo! (NASDAQ: YHOO) is trading positive after the sharp sell-off after-hours on the IRS Alibaba spin-off ruling. Shares are now up 0.6% to $31.07.

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

Yahoo! (YHOO) PT Slashed to $32 by Piper Jaffray's Munster on IRS Ruling; But Says Risk/Reward Now Positive

Piper Jaffray analyst Gene Munster slashed his price target on Yahoo! (NASDAQ: YHOO) to $32.00 (from $54.00) after the company disclosed that the IRS decided to not grant approval for Yahoo!'s proposed tax-free spin of its Alibaba shares. The company noted that the IRS... 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

Yahoo! (YHOO) PT Cut to $43 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Yahoo! (NASDAQ: YHOO) to $43.00 (from $49.00) after the IRS declined the private letter ruling related to the proposed Aabaco spin. The firm maintained a Positive rating on the stock.

"While this news is... More