Alibaba stake and Mayer’s focus offer hope for Yahoo: analysts

The Yahoo logo is shown at the company's headquarters in Sunnyvale(Reuters) – Yahoo Inc's lackluster results failed to put off Wall Street analysts, who focused on the growth prospects of its investment in Chinese e-commerce firm Alibaba and Chief Executive Marissa Mayer's focus on product development. Yahoo's shares were set to open about 1.7 percent higher at around $ 27.35 after at least six brokerages raised their price targets on the stock even after the company trimmed its revenue forecast on Tuesday. …


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