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Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

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Merrill Lynch Surprise: Downgrade Google (NASDAQ:GOOGL) and Upgrade Yahoo! (NASDAQ:YHOO) on Alibaba (NYSE:BABA)

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Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

The multibillionaire giant Google (NASDAQ:GOOGL) has dominated and been leading the internet based services now for quite some time and no one expects to see a company like Yahoo! (NASDAQ:YHOO) coming even near to a giant like Google (NASDAQ:GOOGL). However, quite recently the analysts have started to downgrade Google (NASDAQ:GOOGL) and are upgrading Yahoo! (NASDAQ:YHOO) Inc. The analysts Justin Post and Joyce Tran from Merrill Lynch’s media on Friday morning have been seen giving such calls. They took Yahoo! (NASDAQ:YHOO) up to buy and Google (NASDAQ:GOOGL) down to neutral on the giant Alibaba (NYSE:BABA) Group Holding exposure. The Merrill Lynch team cut the target price from $600 to $580 with the downgrade of Google (NASDAQ:GOOGL) being based on various reasons including increasing regulatory risks specially in the European Union, search contract with renewal uncertainty, competition with giants like Facebook (NASDAQ:FB) in the advertisements sector, the Apple (NASDAQ:AAPL)’s strong product cycle, and the gains in shares from the social media of the US online advertising market.

The estimated revenue target expectations were lowered by the Merrill Lynch $73.32 billion to $33.81 per share. The target revenue of that $580 is based on almost 17 times estimates of lowest earnings that is 5 percent less the consensus. While on the other hand Yahoo! (NASDAQ:YHOO)’s upgrade ratings went to buy from the previous neutral phase and target price raised from $55 to $62 in the call. The main reason of the upgrade was Alibaba (NYSE:BABA) and the upside tax potential.

According to the Merrill Lynch they had underestimated Alibaba (NYSE:BABA) for most of 2015, and thought that the Yahoo! (NASDAQ:YHOO) remaining stake and potential tax amounts will take almost a year to get visible and that Yahoo! (NASDAQ:YHOO) will be trading at sum of parts discount to the original assets valuation. According to Yahoo! (NASDAQ:YHOO) CFO there are no immediate plans on any change in Yahoo! (NASDAQ:YHOO)’s strategy what so ever and the company maintains a positive stance to find potential solutions to the promised tax. He said that Yahoo! (NASDAQ:YHOO) will reveal its plans in its next years’ earnings call. The recently updated Eddie Leungs price objective data is being used by the Merrill Lynch team for Alibaba (NYSE:BABA) at $132 per share. The team made calculations on assumptions of 19% unchanged tax and a little higher 6.5 times the core of Yahoo! (NASDAQ:YHOO) EBITDA 2016.

The $90 downside case is expected to generate Yahoo! (NASDAQ:YHOO) target at $43 down however the current core generation of Alibaba (NYSE:BABA) at $109 is $55 stocks price for Yahoo! (NASDAQ:YHOO) Inc. The indications were clear regarding the Google (NASDAQ:GOOGL)’s share which went down by 1.1% on Friday’s premarket trading at $531.50 against the 52 weeks old range of $502.80 to $604.83. $642.50 was declared the targeted analysts price. Moreover, the Yahoo! (NASDAQ:YHOO)’s share were also seen going up to $1.3 at $51.08 against the $32.15 to $52.62 one year old range versus the consensus declared analyst target price of $50.6.

This comes as a pleasant surprise to those who were Yahoo (NASDAQ:YHOO) supporters.

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