Yahoo! (YHOO): Hack Not A Material Adverse Change - SunTrust's Peck

September 23, 2016 7:17 AM EDT
Get Alerts YHOO Hot Sheet
Price: $42.55 -0.09%

Rating Summary:
    20 Buy, 26 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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SunTrust Robinson Humphrey analyst, Bob Peck, stated that he expects the Yahoo! (NASDAQ: YHOO) core sale to proceed amid news merger partner Verizon (NYSE: VZ) stated it was notified 2 days ago, and is currently evaluating the impact and could very well accept this as a cost of being in business.

The sale agreement does not discuss price adjustments upon change in business outlook. However, the analyst believes the MAC likely is NOT triggered given the exclusion for "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations."

No change to the Neutral rating.

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 $44.15 yesterday.

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