Goldman Sachs reinstates Yahoo with buy rating
Goldman Sachs reinstated coverage on Yahoo Inc with a ``buy'' rating, saying the Internet company's stock is worth more than its current price after its stake sale in China's Alibaba Group (ALIAB.UL) and growth at its Japanese joint venture.
US-based investment bank Goldman Sachs Group Inc recently retained its ``buy'' rating for Hong Kong-listed Agile Property Holdings Ltd, raising the stock's target price to HK$12.7 from the previous HK$12.4.