Nomura Securities Maintains a 'Neutral' on Yahoo! (YHOO); Gone, Baby, Gone

Nomura Securities maintains a 'Neutral' on Yahoo! (NASDAQ: YHOO) price target of $14.00.

Analyst, Brian Nowak, said, "Yahoo! confirmed that CEO, Scott Thompson (in the seat for only 4.5 months), will step down immediately following the recent controversy about a misrepresentation on his resume. Thompson’s interim replacement will be Yahoo’s global head of media, Ross Levinsohn. In addition, Yahoo!'s board of directors also reached an agreement over its proxy contest and five board members will step down. With Yahoo!'s ‘resume-gate’ in the past, it will now be important to hear from the new management team how it intends to fix the company’s online share losses, monetizable verticals and core display business."

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 $15.19 yesterday.

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