Goldman Sachs raised the Web portal's price target to 24 from 22 due to its stake in the Chinese e-commerce company. In May, Yahoo (YHOO)said it would reduce its then-40% stake in Alibaba in stages. The two companies also agreed to restructure their relationship. "We believe that continued strong growth at Alibaba bodes well for Yahoo from the point of view of its remaining 23% stake," an analyst wrote in a report. Shares rose 1% to 18.75.
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- Goldman Sachs