In a note released Monday morning, Bank of America analyst Justin Post downgraded shares of Yahoo! Inc. (NASDAQ: YHOO) from Buy to Neutral despite raising the price target from $40 to $46.
Post explained with the remainder of Yahoo's Alibaba Group Holding Ltd (NYSE: BABA) stake being locked up for a year, the catalyst from the Alibaba IPO is in the rear view mirror. He also noted that Yahoo is no longer the best way to get exposure to Alibaba.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The $6 increase in Post's price target is due to Friday's higher closing price for Alibaba shares than he previously had modeled, as well as a "slightly" lower tax assumption.
Looking forward, Post is predicting an EPS of $1.37 for 2014 and $1.40 for 2015.