Oppenheimer Maintains a 'Perform' rating on Yahoo! (YHOO); CEO Taking Right Steps, But Not Getting Too Excited
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Oppenheimer maintains a 'Perform' rating on Yahoo! (NASDAQ: YHOO) price target of $18.00.
Analyst, Jason Helfstein, said, "We are maintaining our Perform on YHOO shares after the company reported better 1Q results on margins and Asian profitability, and new CEO Thompson outlined his plan to improve margins and revenues. While we agree with his assessment that YHOO needs to downsize and focus on its core strengths, we need more details on his plan to return to revenue growth, given the challenges from new mobile, social and video players. Moreover, we have repeatedly said that the resolution of Yahoo-Japan would be the first step toward unlocking shareholder value, and that is now on hold."
Oppenheimer raises FY12 EPS estimate from $1.08 to $1.11 and FY13 from $1.22 to $1.27.
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, Jason Helfstein, said, "We are maintaining our Perform on YHOO shares after the company reported better 1Q results on margins and Asian profitability, and new CEO Thompson outlined his plan to improve margins and revenues. While we agree with his assessment that YHOO needs to downsize and focus on its core strengths, we need more details on his plan to return to revenue growth, given the challenges from new mobile, social and video players. Moreover, we have repeatedly said that the resolution of Yahoo-Japan would be the first step toward unlocking shareholder value, and that is now on hold."
Oppenheimer raises FY12 EPS estimate from $1.08 to $1.11 and FY13 from $1.22 to $1.27.
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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