S&P hikes Yahoo to buy; 12-month price target of $27 (at MarketWatch)
S&P Equity Research on Tuesday hiked Yahoo Inc. to buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s troubles, including a less firm global online advertising market, notable competition, recent losses of substantial management talent, inconsistent execution, and considerable distractions and uncertainty related to the Aug. 1 shareholder meeting,” said Scott Kessler, an information technology analyst at Standard & Poor’s Equity Research.
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