Scalper1 News
Yahoo (YHOO) got a price target cut on Tuesday hours before its Q2 earnings release from Axiom Capital, which cited uncertainty associated with the Web portal’s planned tax-free spinoff of its 15% stake in China Internet giant Alibaba Group (BABA). That spinoff, first announced in February, is a high-profile must-do for Yahoo CEO Marissa Mayer, who is under pressure from investors to find strategies to return cash to shareholders. Reports began Scalper1 News
Scalper1 News