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UPDATE: Citigroup Raises PT to $21 on Yahoo! on Positive Q4 Results

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Citigroup reiterated its Neutral rating on Yahoo! (NASDAQ: YHOO) and raised the price target from $18.00 to $21.00.

Citigroup noted, "YHOO's valuation is highly intriguing. We see current valuation implying a very low 2.5X multiple to YHOO's '13 EBITDA. That's optically very cheap. But YHOO has been “optically very cheap” for quite some time. What YHOO needs to do is prove the potential for sustained growth. It doesn't have to be double digit growth, just sustained solid single digit growth. That should be a low bar for a major Consumer Internet franchise, especially one with a new-found & necessary focus on product innovation."

Yahoo! closed at $20.31 on Monday.

Latest Ratings for YHOO

DateFirmActionFromTo
Jul 2015BarclaysMaintainsEqual-weight
Jul 2015Cantor FitzgeraldMaintainsBuy
Jul 2015SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

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