Market Overview

UPDATE: J.P. Morgan Raises PT on Yahoo! Ahead of 1Q13 Earnings Report

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 Becomes Biggest IPO in U.S. History (Fox Business)

In a report published Friday, J.P. Morgan analyst Doug Anmuth reiterated a Neutral rating on Yahoo! (NASDAQ: YHOO), and raised the price target from $22.00 to $26.00.

In the report, Anmuth noted, “Yahoo! will report 1Q13 earnings on Tuesday, April 16 after the close. We are incrementally positive on Yahoo! based on improving engagement trends, potential Search upside, and higher implied valuation for Alibaba Group. As a result, we are raising our price target to $26, but we continue to look for greater improvement in the core business and better execution to become more constructive on the shares from current levels.”

Yahoo! closed on Thursday at $24.49.

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: J.P. MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (YHOO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional