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

UBS Cuts Price Target on Yahoo! (YHOO) Based on a Revised Alibaba (BABA) Outlook

UBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $48.00 (from $51.00), on a revised BABA outlook.

Analyst Eric Sheridan commented, "As noted in today's BABA report (Road Gets Bumpy; Journey Still Intact), we are lowering our BABA price... More

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

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

After-Hours Stock Movers 09/08: (ABKA) (VTAE) (PLAY) Higher; (TTPH) (ZQK) (FLXN) (PSUN) Lower (more...)

Tetraphase Pharma (NASDAQ: TTPH) 79.5% LOWER; announced that the IGNITE2 phase 3 clinical trial of eravacycline administered as an IV to oral transition therapy for the treatment of complicated urinary tract infections (cUTI) did not achieve its primary endpoint of statistical non-inferiority compared to levofloxacin.

Akebia Therapeutics, Inc. (NASDAQ: AKBA) 61.3% HIGHER; announced positive top-line results from its Phase 2 study of vadadustat (formerly AKB-6548) in dialysis patients with anemia related to chronic kidney disease (CKD). The study achieved its primary objective, indicating that vadadustat maintained stable... More

Market Wrap: United Air Names New CEO; IRS Won't Rule on Yahoo's Alibaba Stake Spin; Merger Monday

Market wrap for September 8th

End of the Day: S&P 500 up 48.2 to 1,969.41; Dow Jones up 390.3 to 16,492.68; Nasdaq up 128.0 to 4,811.93

Market Brief: U.S. markets moved higher as volatility in the markets continues to make for some choppy trading sessions. Most suspect that China worries are ebbing, while the Fed's expected interest rate hike is at the forefront of most traders' minds.

United Airlines announced that CEO Jeff Smisek would step down.

The IRS said it would... More

Yahoo may have to pay taxes on Alibaba spinoff

(Reuters) - Yahoo Inc (NASDAQ: YHOO) may have to pay taxes on the $23 billion it hopes to get from the planned spinoff of its stake in Alibaba Group Holdings Ltd (NYSE: BABA), threatening a key element of Chief Executive Officer Marissa Mayer's turnaround strategy.

Yahoo said Tuesday the U.S. Internal Revenue Service (IRS) had denied the company's request for a private letter ruling on whether the spinoff of its stake in the Chinese e-commerce giant would be considered tax free.

Yahoo! (YHOO) Denied IRS Request in Alibaba (BABA) Stake Spin-Off

Yahoo! (NASDAQ: YHOO) disclosed the following on Tuesday:

On January 27, 2015, Yahoo! Inc. (Yahoo or the Company) announced a plan for a spin-off of all of Yahoos remaining holdings in Alibaba Group Holding Limited (NYSE: BABA)(Alibaba) into a newly formed independent registered investment company. As previously disclosed, the name selected for the new company is Aabaco Holdings, Inc. (Aabaco). The stock of Aabaco will be distributed pro rata to Yahoo stockholders, resulting in Aabaco becoming a separate publicly traded registered investment company. On July 17, 2015, Aabaco filed its initial... More

Analyst Defends Alibaba (BABA) on Mid-Day Swoon

Alibaba (NYSE: BABA) is attempting to stabilize with Citi coming out to defend the stock following earlier comments on mid-single digits GMV at the Citi conference. The analyst said the comments were taken out of context.

Shares of BABA are down 2%... 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

Yahoo! (YHOO) may have cancelled a previously planned investor conference - Bloomberg

Yahoo! (NASDAQ: YHOO) said to have cancelled a previously planned investor conference, according to Bloomberg.

Wall St. jumps 2 percent as China gains fuel global gains

By Caroline Valetkevitch

(Reuters) - U.S. stocks rose more than 2 percent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities.

Gains were broad-based and followed a three-day U.S. holiday weekend. All but one of the 10 major S&P sectors - energy - ended with gains of more than 2 percent.

Hopes for more stimulus measures from the Chinese government increased after data on Tuesday showed that China's imports shrank far more than expected in August, falling for the 10th straight month.

Chinese stocks surged in a late... More