UPDATE: Morgan Stanley Raises PT to $19 on Yahoo! Following Q4 Report

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Morgan Stanley reiterated its Equal-weight rating on Yahoo!
YHOO
and raised the price target from $17.00 to $19.00. Morgan Stanley said, "Yahoo!'s net search revenue accelerated against a tougher comp and grew 14% Y/Y, helped by an 11% rise in paid clicks; revenue continued to benefit from the MSFT RPS guarantee which expires in March. Display revenue declined 5% Y/Y. We nudge our 12-month PT to $19." Yahoo! closed at $20.31 on Monday.
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan Stanley
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