http://ift.tt/eA8V8J [at Barrons.com] - Shares of Yahoo! (YHOO) are up 14 cents, or 0.3%, at $40.80, following an upgrade to Buy from Hold by Laura Martin of Needham & Co., who assigns a $48 price target, writing that the bears have probably been flushed out of the stock after selling on the Alibaba Group Holding (BABA) IPO in the last week, and that the entrance on Friday of activist shop Starboard Value LP may "aid capital allocation of the cash on Yahoo!'s books" and "add urgency to Yahoo!'s turnaround." With CEO Marissa Mayer on the job for two years, there's urgency to see progress on the core business, she writes: Yahoo!'s core business missed its operating numbers for 2Q14 and YHOO lowered guidance for 3Q14. We think Starboard's presence will help close this gap.
from Yahoo! Finance: YHOO News http://ift.tt/1qOpcD7
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from Yahoo! Finance: YHOO News http://ift.tt/1qOpcD7
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