YHOO Rises 3.5%: Barclays Sees $18.22 in Alibaba, Y! Japan, Cash Value
Posted on March 04, 2013 at 17:00 PM EST
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 [...]