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0.000129769011160201 -0.000129769011160201 -0.00038930703348042 -0.000648845055800638 0.00155722813392168 0.00129769011160146 -0.000259538022320218 0.00220607318972232
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Altaba stock gains after MKM Partners predicts 'more aggressive action' on unlocking value for shareholders [MarketWatch]

ALTABA INC (AABA)  More Company Research Source: MarketWatch
US:NASDAQ Investor Relations: altaba.com/investor-relations
PDF Altaba stock gains after MKM Partners predicts 'more aggressive action' on unlocking value for shareholders Shares of Altaba Inc. AABA, +1.91% gained 0.9% in Friday morning trading after MKM Partners analyst Rob Sanderson raised his price target on shares to $112 from $76 ahead of the company's strategy call with investors that's set to take place next Tuesday. Altaba has a stake in Alibaba Group Holding Ltd. BABA, +1.81% "We believe that management is highly focused on unlocking shareholder value," he wrote. "Now that details of tax reform are more conclusive, we expect the company will take more aggressive action." His price target increase reflects a "substantially lower tax rate assumption" and his recently increased target for Alibaba. Separately, analysts at J.P. Morgan raised their price target to $95 from $60. They wrote that Altaba "now trades at a ~26% discount to pre-tax NAV, tighter than the ~31% discount at the time of our initiation, but now wider than our estimate [Read more]

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