Market Overview

UPDATE: Stifel Nicolaus Upgrades Yahoo! to Buy on Revised Sum of Parts Valuation

Related YHOO
Market Closes Flat As Alibaba Group Holding Ltd Begins Life As A Publicly Traded Company
Josh Brown Thinks That Yahoo! Inc. Is A Bait For Activists
Alibaba's IPO: Should You Buy Into the Hype? (Fox Business)

Stifel Nicolaus upgraded Yahoo! (NASDAQ: YHOO) from Hold to Buy and established a $25.00 price target.

Stifel Nicolaus commented, "The fundamental strength of Alibaba (24% owned by Yahoo!) and Yahoo! Japan, and the aggressive return of capital to shareholders has led us to revise our Sum-of-Parts valuation. We believe at its current buyback rate, Yahoo! should be valued in the mid-$20s before year-end and even higher after the Asian assets are monetized. We do not believe (yet) that the core business can be revived to any meaningful degree. If that happened, it would be further upside. We have upgraded shares from Hold to Buy, and established a $25 target price, implying roughly 27% upside from current levels."

Yahoo! closed at $19.76 on Friday.

Latest Ratings for YHOO

DateFirmActionFromTo
Sep 2014JefferiesMaintainsBuy
Jul 2014Canaccord GenuityMaintainsBuy
Jul 2014CRT CapitalMaintainsFairly Valued

View More Analyst Ratings for YHOO
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Analyst Ratings

 

Related Articles (YHOO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters