Pivotal Research Downgrades Yahoo! (YHOO) to Hold

April 1, 2013 7:41 AM EDT
Get Alerts YHOO Hot Sheet
Price: $42.03 --0%

Rating Summary:
    20 Buy, 26 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Pivotal Research downgraded Yahoo! (NASDAQ: YHOO) from Buy to Hold with a price target of $26.00 (from $23.00).

Analyst Brian Wieser said, "We are incorporating refined valuation estimates of Alibaba Group and Yahoo Japan, and raising our target price to $26 per share. However, given the stock's recent run-up and what we consider to be a "fuller" value (incorporating more refined assumptions around Alibaba) we downgrade Yahoo."

For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $23.53 yesterday.

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