Jefferies Downgrades Yahoo! (YHOO) to Hold After New CEO News

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/30/2026

1. WDAY
2. ESTC
3. MRVL
4. AFRM
5. RBRK
6. S
7. ULTA
8. NVDA
9. GAP
10. DG

January 5, 2012 6:52 AM EST
Get Alerts YHOO Hot Sheet
Price: $52.58 --0%

Rating Summary:
    18 Buy, 21 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 3
Join SI Premium – FREE
Jefferies downgraded Yahoo! (NASDAQ: YHOO) to Hold with a price target of $18.00.

The firm comments, "Yahoo!'s appointment of Scott Thompson as its CEO is an indication that: 1) board has decided to reinvigorate Yahoo! by bringing a tech-oriented CEO to grow it again; a long, costly and risky endeavor, and 2) proceeds from the Asian assets' monetization (if/when it happens) could be used for M&A/investments rather than returned to shareholders. While Scott is a strong leader, his lack of media/turnaround expertise are negatives."

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 $15.78 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades, Hot Downgrades

Related Entities

Jefferies & Co