Soleil Securities Upgrades Yahoo! (YHOO) to Hold
More News related to YHOO
- 2008 Summer Olympics Web Sites Win Gold Medals for Speed and Reliability; Mobile Web Sites Take Silver, Reports Keynote
- Zimbra Broadens Mobile Capabilities for iPhone 2.0 with OTA Sync
- Bankrate: Mortgage Rates Dip Again
- Yahoo! Awarded Highest Technical Honor for Data Mining and Knowledge Discovery
- Bankrate: Mortgage Rates Fall But Spreads at 22-Year High
More News related to Upgrades
- I-Star to Focus Efforts On Lode Claims, Not Renew Detrital Placer Claims
- Improved Roads, Bridges and Other Infrastructure Projects on the Way in Alberta
- Sinchao Metals Announces First Quarter Financials and Operating Results
- Anna Burger Statement on Palin
- Lucky Country Inc. Recalls All Natural Black Licorice Products
Soleil Securities upgrades Yahoo! (Nasdaq: YHOO) from Sell to Hold, maintaining their $22 price target.
The firm said, "With the Microsoft (MSFT) deal dead and the Google (GOOG) search deal on hold for 3 months pending Federal scrutiny, we believe that YHOO's fundamental performance is at growing risk as the economic environment continues to weaken and timing of an advertising turnaround remains uncertain."
The firm also expects employee turnover to accelerate as its share price falls and their stock options are way underwater.
Related Categories
UpgradesStocks Mentioned
-0.27Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
