Needham & Company Adjusts Estimates on Yahoo! (YHOO); Asian Asset Sale More Likely

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

Needham analyst says, "With Jerry Yang’s departure, we are more optimistic that the Board will sell the Asian Assets. We remain hopeful that the Board will decide that trying to turn around YHOO with public shareholders is not in its best interest. Turning around a company is difficult and Street runs out of patience at about the 2 year mark. We think YHOO’s shareholder meeting on Feb 24, 2012 could be a near-term catalyst for the shares."

Needham adjusts FY12 estimates to $0.82/4.52bln from $0.84/4.631bln

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 $15.69 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Coherent (COHR) PT Raised to $420 at Needham
• Alpha & Omega Semiconductor (AOSL) PT Lowered to $45 at Needham
• Needham Reiterates Buy Rating on Digimarc (DMRC)