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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
Jul 2014Canaccord GenuityMaintainsBuy
Jul 2014CRT CapitalMaintainsFairly Valued
Jul 2014FBR CapitalInitiates Coverage onMarket Perform

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

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

 

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