Piper Jaffray Upgrades Yahoo! (YHOO) to Buy
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 46
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 46
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Piper Jaffray upgrades Yahoo! Inc. (Nasdaq: YHOO) from Neutral to Buy citing valuation and raises their price target from $23 to $33.
Analyst Gene Munster said, "While we do not have any definitive information, pressure from Icahn and recent comments from Yahoo!/Microsoft lead us to believe the likelihood of a deal is now high. Separately, outside of a deal we believe share of Yahoo! are worth $33 based on competitor valuations."
Munster believes there is a 60% chance of a deal before Yahoo!'s annual meeting on August 1st.
Analyst Gene Munster said, "While we do not have any definitive information, pressure from Icahn and recent comments from Yahoo!/Microsoft lead us to believe the likelihood of a deal is now high. Separately, outside of a deal we believe share of Yahoo! are worth $33 based on competitor valuations."
Munster believes there is a 60% chance of a deal before Yahoo!'s annual meeting on August 1st.
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