Barclays Upgrades Yahoo (YHOO) to Overweight
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Barclays upgrades Yahoo (Nasdaq: YHOO) from Equal-weight to Overweight and raised its price target from $15 to $20.
The firm said, Yahoo is "now better structured, has a renewed sense of innovation, and is well positioned to benefit from an eventual rebound in advertising."
Shares of YHOO closed at $15.84 on Friday, providing 26% upside to the firm's new price target.
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