Ron Burgundy Posted January 29, 2014 Share Posted January 29, 2014 (Reuters) - Yahoo Inc's shares fell 7.5 percent as the company's declining revenue tempered investor confidence in CEO Marissa Mayer's turnaround efforts, prompting several analysts to cut their price targets on the stock. Yahoo's shares nearly doubled in the past year as investors pinned their hopes on Mayer and surging growth at Chinese online retailer Alibaba, in which Yahoo holds a big stake. At least four brokerages lowered their price targets on Yahoo's stock, which fell to a low of $35.30 in early trading on Wednesday. Yahoo on Tuesday reported a decline in online advertising prices and slower growth at Alibaba. View the full article Quote Link to comment Share on other sites More sharing options...
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