Pivotal Research Downgrades Yahoo! (YHOO) to Hold
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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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Pivotal Research downgraded Yahoo! (NASDAQ: YHOO) from Buy to Hold with a price target of $22.00 (from $21.00).
The firm comments, "We downgrade Yahoo from BUY to HOLD as the stock’s run-up now means the stock is closer to being fully valued. The stock has performed well in recent months as investors came to see tremendous underlying value in the company’s Asian assets, while recognizing that real (and positive!) change has finally come to Sunnyvale, with many new directors added to the company’s board and the installation of a new management team."
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 $19.86 yesterday.
The firm comments, "We downgrade Yahoo from BUY to HOLD as the stock’s run-up now means the stock is closer to being fully valued. The stock has performed well in recent months as investors came to see tremendous underlying value in the company’s Asian assets, while recognizing that real (and positive!) change has finally come to Sunnyvale, with many new directors added to the company’s board and the installation of a new management team."
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 $19.86 yesterday.
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