UPDATE: BGC Partners Downgrades Yahoo! (YHOO) to Hold, Notes Revenue Growth Issues

March 20, 2013 9:21 AM EDT Send to a Friend

Yahoo! (YHOO) Downgraded

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Price: $50.12 +2.60%

Rating Summary:
    22 Buy, 18 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 24 | New: 30
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(Updated - March 20, 2013 10:17 AM EDT)

BGC Partners downgraded Yahoo! (NASDAQ: YHOO) from Buy to Hold with a price target of $21.00. Analyst Colin Gillis noted growth issues with the company's core business revenue and said realignment of the sales team under COO Henrique De Castro will likely negatively impact display revenue near-term, although it may bear fruit longer-term.

For an analyst ratings summary and ratings history on Yahoo! (NASDAQ: YHOO) click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $22.17 yesterday.


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