Market Overview

UPDATE: Piper Jaffray Lowers PT to $17 on Yoku.com on Comparative Risk/Reward

Share:
Related YOKU
Early Global News: American Express Expanding In Russia, Baidu To Merge Its Music Business, China Taking Big Steps To Open Market
Early Global News: Instagram Seeing Fast Growth Among U.S. Companies, Cabelas Explores Strategic Options
GE Flips Asset Manager To State Street (Seeking Alpha)

Piper Jaffray reiterated its Neutral rating on Yoku.com (NYSE: YOKU) and reduced its price target from $21 to $17.

Piper Jaffray commented, "Youku reported its first quarter following the completion of its merger with Tudou. The bottom line is that Youku's core business appears to continue to perform well, while the business of Tudou is beginning to stabilize after a difficult period post the merger announcement. While we continue to believe in the combination of Youku and Tudou, given the ongoing transition we believe that shares of BIDU currently offer a better value and risk/reward profile. We maintain our Neutral rating on shares of YOKU."

Yoku.com closed at $16.88 on Thursday.

Latest Ratings for YOKU

DateFirmActionFromTo
Oct 2015CitigroupInitiates Coverage onNeutral
Oct 2015CitigroupInitiates Coverage onNeutral
Aug 2015Mizuho SecuritiesUpgradesUnderperformNeutral

View More Analyst Ratings for YOKU
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (YOKU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters