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Ahead Of The Bell: Yahoo Upgraded At Citi
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NEW YORK (AP) — Yahoo Inc.'s stock is trading below the company's value given its stabilizing market share and improved management, a Citi Investment Research analyst said Monday as he upgraded the Internet search company.
Citi analyst Mark Mahaney raised his rating to "Buy" from "Hold" and increased his share price target to $21 from $15.
Mahaney said that despite a 34 percent rise in Yahoo's share price year-to-date, the company has still underperformed big Internet and media stocks since the market began climbing from March lows. ...
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