Yahoo! (YHOO) PT Lifted 15% at Macquarie on Strong Q3
Get Alerts YHOO Hot Sheet
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Macquarie analyst Ben Schachter boosted his price target on Outperform-rated Yahoo! (NASDAQ: YHOO) to $46.00 (from $40.00) following strong Q3 results after the close with net revenues 5% above their forecast, and adj. EBITDA ~20% above
Schachter commentedm "YHOO had a good earnings presentation. The tone and content were both much improved over previous conference calls. As for the fundamentals, the core business improved slightly and the company had very positive, though vague, commentary on the two key drivers of the stock:1) tax efficiencies for the Asia assets, and 2) use of proceeds."
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 $40.18 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Hyundai Mobis Co Ltd. (012330:KS) PT Raised to KRW340,000 at HSBC
- Hyundai Motor (005380:KS) (HYMTF) PT Raised to KRW290 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!