SunTrust Robinson Humphrey analyst, Bob Peck, raised his price target on Yahoo! (NASDAQ: YHOO) to $45 from $40. He thinks yesterday's statement that the company was suspending the Aabaco spin-off means the sale of the core or a sale of the company is now likely to happen.

He believes that the timing is likely to be in 1H 2016, for several reasons:

1) investor patience is waning

2) the core is unlikely to improve

3) the annual shareholder vote is coming this summer and there is a potential proxy battle that could ensue.

He is also upping his estimate for the value of the core to $6-$8 billion after including what he believes will be strategic synergies to the acquirer.

No change to the Buy rating.

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 $34.40 yesterday.