YHOO Rises 3.5%: Barclays Sees $18.22 in Alibaba, Y! Japan, Cash Value
Shares of Yahoo! (YHOO) today closed up 76 cents, or 3.5%, at $22.70 after Barclays Capital’s Anthony DiClemente raised his rating on the shares to Overweight from Equal Weight, based on the company’s minority stakes in Chinese e-commerce outfit Alibaba Group, and in Yahoo! Japan, being undervalued at the current stock price. DiClemente raised his [...]
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