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Yahoo! (YHOO) PT Lifted 15% at Macquarie on Strong Q3

October 22, 2014 6:24 AM EDT
Get Alerts YHOO Hot Sheet
Price: $52.58 --0%

Rating Summary:
    18 Buy, 21 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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.



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