Yahoo! (YHOO) PT Cut to $43 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Yahoo! (NASDAQ: YHOO) to $43.00 (from $49.00) after the IRS declined the private letter ruling related to the proposed Aabaco spin. The firm maintained a Positive rating on the stock.

"While this news is likely to pressure the stock in the near-term, we remain Positive on the SOTP story but are lowering our price target to $43 from $49," Patil commented.

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 $30.90 yesterday.

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