Tigress Financial Partners Downgrades Yahoo! (YHOO) to Neutral

Tigress Financial Partners downgraded Yahoo! (NASDAQ: YHOO) from Buy to Neutral. Analyst Ivan Feinseth said deteriorating margins and flat revenue growth are weighing on Yahoo!'s performance score.

"Despite strong growth in YHOO’s non-core business during Q1, the company’s core business continued to deteriorate. As such, key performance indicators are moderating; sales have flat lined and the company’s margin profile has weakened in the LTM. While we had expressed optimism around YHOO’s spin-out of their stake in Alibaba (BABA-US, Buy rated) as well as prospects for potential action on their Yahoo Japan stake, we see few signs of a turnaround in the company’s core business and expect this to weigh on the company’s future performance metrics," said the analyst.

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 $42.57 yesterday.

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