Analysts: Buy Yahoo on Alibaba IPO Potential and 3 Other Research Notes to Peruse

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Yahoo (NASDAQ:YHOO): Stifel raised its target on Yahoo to $41 from $33 to reflect updates in the valuation of the company’s Alibaba stake as the latter prepares to launch a U.S. IPO. The firm believes that Yahoo could distribute its Alibaba stake to Yahoo shareholders tax efficiently. Such a development would lead Stifel to increase its Yahoo price target by another $7. Stifel recommends buying Yahoo’s stock.

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Viacom (NYSE:VIAB): Bernstein believes that Nickelodeon’s ratings growth is set to dissipate and that a bullish outlook on Viacom’s stock must assume continued ratings improvement at the company’s Nickelodeon channel. The firm does not expect Nickelodeon’s ratings to continue to improve and it keeps a Market Perform rating on the shares.

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Hewlett-Packard (NYSE:HP): BMO Capital predicts that HP’s full year 2014 guidance is likely to be flat or down on a year-over-year basis. The firm lowered its price target on the shares to $24 from $27 and keeps a Market Perform rating on the stock.

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Time Warner Cable (NYSE:TWC): Morgan Stanley said Time Warner Cable is on track to meet or beat 2013 guidance. The analyst expects an acceleration in organic growth in 2014, driven by improving subscriber trends and broadband price increases. The firm also believes the company could benefit from industry consolidation and that its multiple discount to peers will narrow. The shares are Overweight rated with a $125 price target.

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