Needham & Company Maintains a 'Buy' on Yahoo! (YHOO); Good Quarter; No News on Key Value Drivers

Needham & Company maintains a 'Buy' on Yahoo! (NASDAQ: YHOO) price target of $19.00.

Needham analyst says, "Yahoo (YHOO) reported 3Q11 financial performance above their guidance ranges for revenue, operating income and EPS. The biggest surprise from the call was that management didn’t address Wall Street’s burning curiosity about: 1. An update regarding the strategic review. 2. Update on monetizing the Asian assets. 3. Board progress and timing of hiring a new CEO for YHOO. 4. FY12 guidance and fundamentals outlook."

For more ratings news on Yahoo! click here and for the rating history of Yahoo! click here.

Shares of Yahoo! closed at $15.47 yesterday.

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