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Jul
1
S&P hikes Yahoo to buy; 12-month price target of $27
July 1, 2008 |
SAN FRANCISCO (MarketWatch) — S&P Equity Research on Tuesday hiked Yahoo Inc. to
buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s
troubles, including a less firm global online advertising market, notable
competition, recent losses of substantial management talent, inconsistent
execution, and considerable distractions and uncertainty related to the Aug. 1
shareholder meeting,” said Scott Kessler, an information technology analyst at
Standard & Poor’s Equity Research. However, Kessler noted that risk-reward
considerations are favorable. Shares of Yahoo are down 4.8% to $19.66, a level
not seen since Microsoft launched a bid for the Internet portal.
Possibly Related Posts:
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