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UPDATE: Jefferies Raises PT to $20 on Yahoo! on Gradual Improvement

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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

DateFirmActionFromTo
May 2015Evercore PartnersDowngradesBuyHold
May 2015Raymond JamesMaintainsOutperform
May 2015Tigress FinancialDowngradesBuyNeutral

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Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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