UPDATE: Jefferies Raises PT to $20 on Yahoo! on Gradual Improvement
Jefferies reiterated its Hold rating on Yahoo! (NASDAQ: YHOO) and raised the price target from $18.00 to $20.00.
Jefferies commented, "While we think Yahoo! has a decent set of under-monetized assets, we still reiterate our Hold rating while raising our PT to $20. Yahoo! is relatively cheap on an SOP basis, but this only loosely factors in required reinvestment to grow the business, and timing for the sale of the remaining Asian assets."
Yahoo! closed at $20.31 on Monday.
Latest Ratings for YHOO
|Oct 2016||MKM Partners||Maintains||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.