RBC Capital Lowers Yahoo! (YHOO) PT to $33
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Piper Jaffray Remains Bullish on Yahoo! (YHOO) Despite Continued Headwinds
February 3, 2016 9:25 AM ESTPiper Jaffray maintained an Overweight rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $31.00 (from $39.00), following the company's 4Q earnings report. Yahoo! reported Q4 ex-TAC revenue of $1.00B, 5% ahead of the Street at $948M. However, the company guided Q1 net revenue down 8% to $820-860M and CY16 net revenue down 9% to $3.4-3.6B.... More
Yahoo! (YHOO) Core Only 12% of Value - Macquarie
February 3, 2016 8:46 AM ESTMacquarie analyst, Ben Schachter, reaffirmed his Outperform rating on Yahoo! (NASDAQ: YHOO) since he believes the core operating business means little in the overall company valuation. For this reason, he reiterated an Outperform rating with a reduced PT of $33 (from $37). That said, he is concerned that the vast majority of EBITDA is coming from search and he believes the company will not be able to maintain marketshare as the world moves to mobile.
YHOO remains a stock driven by the value of its Asia assets and the... More
Yahoo! (YHOO) Is Setting Itself Up for a Breakup - SunTrust's Peck
February 3, 2016 7:59 AM ESTSunTrust Robinson Humphrey analyst, Bob Peck, thinks that layoffs, writedowns, asset sales and a new strategy set the stage for a Yahoo! (NASDAQ: YHOO) sale. He goes further to state that the core is valued at a negative amount and shareholders would benefit if the company gave the core away for free due to the fair value attribution of the investments. No change to Buy rating or $40 PT.
Yahoo's 4Q report had a lot of new information on cost cutting, asset sales, writedowns, and... More
Mizuho Securities Cuts Price Target on Yahoo! (YHOO) to $29 Following Weak 2016 Guidance
February 3, 2016 7:26 AM ESTMizuho Securities maintained a Neutral rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $29.00 (from $32.00), following the company's 4Q earnings report. YHOO reported 4Q gross rev of $1.27b, 7% higher than the MSUSA and consensus estimate of $1.19b. The company laid out... More
Dow, S&P 500 rally with energy; Alphabet drops
February 3, 2016 7:23 AM ESTBy Caroline Valetkevitch
(Reuters) - U.S. stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.
The Nasdaq stayed weaker but ended well off the day's lows.
Oil prices snapped a two-day rout as investors took advantage of a weaker U.S. dollar. Comments by Russia's foreign minister reignited hopes of a deal among oil producers to trim output. The energy index jumped 4 percent.
"What (markets) are keying off of is the move in commodities and in the dollar," said Walter... More
Yahoo! (YHOO) Suffers from a Lack of Focus - BMO
February 3, 2016 7:22 AM ESTBMO Capital Market analyst, Daniel Salmon, cut Yahoo! (NASDAQ: YHOO) price target in a largely expected Neutral quarter. The key question for the analyst is how the company can focus on one monetization strategy when it is pursuing three. PT drops to $32, no change to Market Perform rating.
Yahoo! announced several strategic re-organization initiatives, including a 15% workforce reduction that will help yield $400 million in run-rate savings; it... More
Yahoo! (YHOO) Numbers Cut at Evercore ISI on Poor Familiar Trends
February 3, 2016 7:16 AM ESTEvercore ISI analyst Ken Sena reiterated a Hold rating and trimmed his price target on Yahoo! (NASDAQ: YHOO) to $37.00 (from $40.00) following lackluster results and another restructuring.
Sena commented, "Yahoo! reported a quarter with many familiar trends. For over two years now, Yahoo provided a major quarterly step down in its core EBITDA guidance, with $110mm (midpoint) a 52% decrease from the prior year, a... More
Yahoo! (YHOO) Guidance Falls Short - FBR
February 3, 2016 7:00 AM ESTFBR analyst, William Bird, thinks that Yahoo! (NASDAQ: YHOO) light outlook will overshadow the strong quarter and investors may be concerned that prolonging a split or sale, could further erode Yahoo's market cap. No change to Outperform rating but the price target moves to $37 from $44.
YHOO appears to be signaling an openness to talk with potential acquirers. Yahoo indicated that the board also believes that exploring additional strategic alternatives, in parallel... More
Susquehanna Cuts Price Target on Yahoo! (YHOO) to $40 as Core Struggles Continue
February 3, 2016 6:53 AM ESTSusquehanna maintained a Positive rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $40.00 (from $41.00), following the company's 4Q earnings report. Search and Other revenue drove revenue ex TAC to beat consensus by 6%. Lower opex also helped EBITDA, which came in 15% ahead of... More
Cowen Trims PT on Yahoo! (YHOO) to $32 Following Q4 Results, Outlook, Streamlining
February 3, 2016 6:28 AM ESTCowen and Company lowers its price target on Yahoo! (Nasdaq: YHOO) from $35 to $32 following Q4 results and restructuring plan announced on Tuesday night.
Analyst John Blackledge commented, Although headline numbers in 4Q beat our forecasts, we found little to recommend in this report... More
