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Yahoo Price Target Trimmed For Alibaba, SpinCo

Yahoo! Inc. (NASDAQ:YHOO) has been steadily moving toward the spinoff of its Alibaba stake, but there remains quite a bit of uncertainty about the plan. One of the biggest questions Wall Street probably has right now is whether the spinoff can be conducted in a tax-efficient manner, and it looks like investors think it's unlikely.

Alibaba cut triggers Yahoo cut

UBS AG (NYSE:UBS) analyst Eric Sheridan and his team trimmed their price target for Yahoo from $57 to $51 per share after cutting their target for Alibaba from $112 to $101 per share. They're using a sum-of-the-parts analysis to assign their price target for Yahoo.

For the spinoff...