Piper Jaffray's Munster Downgrades Yahoo! (YHOO) to Neutral

May 21, 2012 1:30 PM EDT
Get Alerts YHOO Hot Sheet
Price: $42.09 +0.14%

Rating Summary:
    20 Buy, 26 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Piper Jaffray's Gene Munster issued a mid-day downgrade on shares of Yahoo! (NASDAQ: YHOO) Monday afternoon amid news over the weekend the company will sell half of its Alibaba stake for about $7.1 billion. Munster now rates Yahoo! shares a Neutral, down from Overweight previously.

The stock seemed to tick lower following the downgrade, but are currently hanging onto positive territory. Shares last traded at $15.63, up about 1.4 percent from Friday's close.

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

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