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Bernstein Downgrades Yahoo! (YHOO) to Market Perform

January 7, 2013 6:54 AM EST Send to a Friend
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Price: $40.93 -2.76%

Rating Summary:
    19 Buy, 20 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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Bernstein downgraded Yahoo! (NASDAQ: YHOO) from Outperform to Market Perform with a $23 price target noting the timing of Alibaba IPO is uncertain and the core business may be weaker than expected in the 1st-half.

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 $19.86 yesterday.

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