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Home>Yahoo shares rally as Alibaba's IPO pricing prompts analyst to lift target

Yahoo shares rally as Alibaba's IPO pricing prompts analyst to lift target

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Fri, 19 Sep 2014

Shares of Yahoo (YHOO) rallied 1.8% in premarket trade, after Cantor Fitzgerald raised his price target to $43 from $39, following the pricing of Alibaba's initial public offering at $68 a share late Thursday. Analyst Youssef Squali said the IPO's pricing should result in gross proceeds of $9.5
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