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You are here: Home / S&P Capital IQ Reiterates its STRONG BUY Rating on Yahoo (YHOO)
S&P Capital IQ Reiterates its STRONG BUY Rating on Yahoo (YHOO)
February 8, 2012
NEW YORK, February 8 (FinanceEnquiry.com) - Analyst Scott Kessler of S&P Capital IQ reiterates his STRONG BUY rating on the shares of YAHOO (NASDAQ: YHOO).
In a research note published this morning, the analyst mentions that Yahoo announced its four directors including Roy Bostock, the Chairman, will not contest for reelection later this year. The company has announced two new directors who have significant experience advising innovative smaller IT companies and leading large technology organizations. The analyst expects Yahoo to hire more directors as the company refocuses and reinvents. The analyst believes that Yahoo is likely to have been moving towards pursuing strategic alternatives for its investments in Alibaba, Yahoo Japan that are key for realizing greater shareholder value.
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