Bernstein Downgrades Yahoo! (YHOO) to Market Perform

January 7, 2013 6:54 AM EST
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Price: $52.58 --0%

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    18 Buy, 21 Hold, 5 Sell

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    Up: 11 | Down: 11 | New: 26
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Bernstein downgraded Yahoo! (NASDAQ: YHOO) from Outperform to Market Perform with a $23 price target noting the timing of Alibaba IPO is uncertain and the core business may be weaker than expected in the 1st-half.

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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