Yahoo (YHOO) shares are edging up Friday morning, but FBR Capital Markets sees another $10 in gains.

Analyst William Bird put out a note today, reiterating his Outperform rating on the stock and raising his price target from $50 to $60. The increase is based on the appreciation of Alibaba (BABA) stock, which he sees more than offsetting a slowing pace of share repurchases from the firm and slight 60-cent sum-of-the-part decrease from the BrightRoll acquisition.

Overall,...