Barclays Maintains a 'Equalweight' on Yahoo! (YHOO); Road of Value Being Paved
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains a 'Equalweight' on Yahoo! (NASDAQ: YHOO) price target raised from $18 to $20.
Analyst, Anthony DiClemente, said, "1Q results were above our expectations, driven by upside to earnings from equity interests, lower expenses, and the first quarter of Y/Y revenue growth since 3Q08. Looking at 2Q12, the mid-point of guidance for revenue ex-TAC was above Street expectations...As a result of significant cost savings from Yahoo!'s recent layoffs and restructuring, we raise our price target."
Barclays raises FY12 EPS estimate from $0.91 to $1.18 and FY13 from $1.05 to $1.29.
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 $15.01 yesterday.
Analyst, Anthony DiClemente, said, "1Q results were above our expectations, driven by upside to earnings from equity interests, lower expenses, and the first quarter of Y/Y revenue growth since 3Q08. Looking at 2Q12, the mid-point of guidance for revenue ex-TAC was above Street expectations...As a result of significant cost savings from Yahoo!'s recent layoffs and restructuring, we raise our price target."
Barclays raises FY12 EPS estimate from $0.91 to $1.18 and FY13 from $1.05 to $1.29.
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 $15.01 yesterday.
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