Piper Jaffray's Munster Downgrades Yahoo! (YHOO) to Neutral
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Price: $52.58 --0%
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
18 Buy, 21 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Piper Jaffray's Gene Munster issued a mid-day downgrade on shares of Yahoo! (NASDAQ: YHOO) Monday afternoon amid news over the weekend the company will sell half of its Alibaba stake for about $7.1 billion. Munster now rates Yahoo! shares a Neutral, down from Overweight previously.
The stock seemed to tick lower following the downgrade, but are currently hanging onto positive territory. Shares last traded at $15.63, up about 1.4 percent from Friday's close.
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
The stock seemed to tick lower following the downgrade, but are currently hanging onto positive territory. Shares last traded at $15.63, up about 1.4 percent from Friday's close.
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
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