Yahoo Japan Corp Rating Lowered to Neutral at JPMorgan Chase & Co. (YAHOY)
Yahoo Japan Corp (NASDAQ:YAHOY) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Separately, analysts at Jefferies Group initiated coverage on shares of Yahoo Japan Corp in a research note on Wednesday, July 2nd. They set a “buy” rating on the stock.
Shares of Yahoo Japan Corp (NASDAQ:YAHOY) opened at 8.02 on Tuesday. Yahoo Japan Corp has a 52-week low of $7.98 and a 52-week high of $12.77. The stock’s 50-day moving average is $8.58 and its 200-day moving average is $9.67. The company has a market cap of $22.833 billion and a price-to-earnings ratio of 18.47.
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