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Pivotal Research Upgrades Yahoo! (YHOO) to Buy, Raises PT on Yahoo Japan Value

February 7, 2013 7:55 AM EST Send to a Friend
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Price: $41.92 -1.57%

Rating Summary:
    19 Buy, 20 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 42
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Pivotal Research upgraded Yahoo! (NASDAQ: YHOO) from Hold to Buy with a price target of $23.00 (from $22.00)

"Our price target is revised on our incorporation of significantly higher market-based pricing for Yahoo Japan, an asset in which Yahoo holds a 35% stake," Brian Wieser. "Our BUY rating is thus a reflection of our view of the company's underlying value as improved on this basis."

Commenting on news after the close of a deal with Google, allowing them sell advertising which runs on Yahoo's sites, Wieser said it should be positive for sentiment, but is unlikely to have material value impact for the company.


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 $19.85 yesterday.




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