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Vetr Upgrades Yahoo After Hack Fallout

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The Vetr crowd on Friday upgraded their rating for Yahoo! Inc. (NASDAQ: YHOO) from 4 stars (Buy), which was issued 10 days ago, to 4.5 stars (Strong Buy). Crowd sentiment for Yahoo is also mostly positive, with 88 percent of Vetr user ratings positive.

Vetr's upgrade comes after Yahoo's announcement of a massive hack of user email accounts that occurred three years ago. This was the second major data breach from the company, this one affecting over 1 billion Yahoo email users. News of the hack also disrupted negotiations with Verizon Communications Inc. (NYSE: VZ) to acquire the company.

Since the breach was announced, the stock has dropped nearly 6.5 percent, trading recently around $38.60.

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Currently, the Vetr crowd's average target price for the stock was up at $43.51, which is above the average analyst target price of $42.77. More than 2 percent of Vetr users are holding YHOO in their watch lists.

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings Tech

 

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