Bank of America Upgrades Yahoo! To Buy

Analysts at Bank of America upgraded Yahoo! YHOO from Neutral to Buy. The price target for Yahoo! has been raised from $55 to $62. Yahoo! shares have gained 29.72% over the past 52 weeks, while the S&P 500 index has gained 14.78% in the same period. Yahoo's shares rose 0.26% to close at $50.41 yesterday.