Market Overview

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

Related YHOO
Fast Money Halftime Report Final Trade From August 29
MKM Partners Comments On Alibaba F-1 Filing And The Impact To Yahoo!
Ever Wonder Why Ron Johnson Left Apple for J.C. Penney? (Fox Business)

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.

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

 

Related Articles (YHOO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters