Barclays on Yahoo! (YHOO): Mayer Offers Strategic Direction; Solidify Deals

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Barclays maintains an 'Equalweight' on Yahoo! (NASDAQ: YHOO) price target of $20.00.

Analyst, Anthony DiClemente, sees the hiring of Marissa Mayer as a positive for the company and thinks her track record at Google (Nasdaq: GOOG) in product development will help give YHOO a strategic direction. Her tech background should gain her immediate credibility among the staff.

Separately, this news shouldn't impact YHOO's plan to return capital to shareholders (with the sale of the company's Alibaba stake). Monetization of Asian assets has been a long-term goal...and the new (right) CEO should help the process move forward.

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 $15.65 yesterday, with a 52 week range of $11.09-$16.79.

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