Gabelli & Company Maintains Buy Rating on Yahoo!

A report from Gabelli & Company reiterates its Buy rating on Yahoo! Inc. (NASDAQ: YHOO).

The report states, “On September 6, 2011, Yahoo's CEO, Carol Bartz, was summarily fired, putting the embattled company “in play.” Over the past three months, Yahoo takeover speculation has steadily increased as a number of financial and strategic buyers begin a due diligence process. While we do not have insight into the ongoing “evaluation of strategic options” by the Board of Directors, we expect there is a transaction to be had and review the likely participants.”

YHOO closed yesterday at $15.71.