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

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Piper Jaffray reiterated its Neutral rating on (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." closed at $16.88 on Thursday.

Latest Ratings for YOKU

Jun 2015Mizuho SecuritiesDowngradesNeutralUnderperform
Jun 2015MacquarieMaintainsOutperform
Apr 2015Summit ResearchInitiates Coverage onHold

View More Analyst Ratings for YOKU
View the Latest Analyst Ratings

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


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