By: Benzinga
UPDATE: Piper Jaffray Assumes Youku at Neural, Lowers PT to $16 on Lower Sales Distributions
In a report published Friday, Piper Jaffray assumed coverage on Youku (NASDAQ: YOKU ) with a Neutral rating and lowered price target from $17-$16 on distant conviction in earnings estimates. Piper Jaffray reported that, “We are assuming coverage of YOKU with a Neutral rating and a $16 price target, based
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