YHOO - Growth is expected to continue after a weak correction

04.04.2016 / 20:37

Rating:

Mizuho Financial Group, Inc today increased the target price of shares Yahoo! (YHOO) to $ 37 (from $ 32).

Growth YHOO is expected to continue (after a weak correction) and after announced interest from SoftBank Group Corp. to Yahoo Japan.

SoftBank already acquired a 36.4% stake in Yahoo Japan, with 32% of Alibaba, where does Yahoo! holds 15.5%. This development interpreted positively by the shareholders of YHOO.

(Medium-terms possible support: $ 36.00 and close to $ 32.00, resistance: $ 40.00);

G.Hristov - Head of Fundamental Analyzes

Varchev Traders

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YHOO - Growth is expected to continue after a weak correction

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