Bernstein Upgrades Yahoo! (YHOO) to Outperform

October 29, 2013 6:42 AM EDT
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Price: $52.58 --0%

Rating Summary:
    18 Buy, 21 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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Bernstein upgraded Yahoo! (NASDAQ: YHOO) from Market Perform to Outperform with a price target of $40.00. Analyst Carlos Kirjner thinks the company's Alibaba stake is worth at least $24 per share. Yahoo Japan might be worth $7 per share, and cash on its balance sheet is worth an estimated $3. The $40 price target doesn't' include a turnaround in its core 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 $32.35 yesterday.

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