Credit Suisse Raises Price Target On Yahoo Following In-Line 4Q14 Results

In a report published Wednesday, Credit Suisse analyst Stephen Ju reiterated a Neutral rating on

, and raised the price target from $54.00 to $69.00. In the report, Credit Suisse noted, “YHOO reported 4Q14 results with in-line revenues; shortfalls in Search and Other, were offset by higher-than expected revenue from Display. Non-GAAP EBIT (as % of Net Revenue) was slightly below our 21% estimate. GAAP EPS was $0.17, modestly below consensus and our own estimate. Our price target is now $69 vs prior $54 and our FY15 gross revenue and Adj. EPS are now $4.74b/$0.55 vs prior $5.1b/$0.81.” Yahoo! closed on Tuesday at $47.99.