FBN Securities Initiates Coverage on Yahoo! (YHOO)
FBN Securities began coverage on shares of Yahoo! (NASDAQ:YHOO) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Yahoo! (NASDAQ:YHOO) traded up 2.88% on Tuesday, hitting $41.14. The stock had a trading volume of 14,483,650 shares. Yahoo! has a one year low of $19.31 and a one year high of $41.72. The stock has a 50-day moving average of $39.55 and a 200-day moving average of $32.62. The company has a market cap of $41.734 billion and a P/E ratio of 34.50.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital upgraded shares of Yahoo! from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Monday. Finally, analysts at Merrill Lynch reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Monday, January 6th. Nineteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.27.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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