Yahoo launches auction process as Starboard gears up for fight

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Go back to Yahoo launches auction process as Starboard gears up for fight

Boenning & Scattergood Sees Value in Yahoo!'s (YHOO) Core Business

February 19, 2016 11:52 AM EST

Boenning & Scattergood reiterated an Outperform rating on Yahoo! (NASDAQ: YHOO) with a price target of $39. Earlier Yahoo said it formed a Strategic Review Committee to assistance management in exploring strategic alternatives, alongside its continued consideration of a reverse spin. In the view of analyst Murali Sankar, strategic alternatives may unlock an over 50% discount on core Yahoo!.

"We believe this takes us one step... More