07:36 ET YHOO Yahoo! downgraded by Merrill Lynch (12.19) Merrill Lynch downgrades to Near-Term REDUCE-SELL/Long-Term NEUTRAL from Neutral/Strong Buy after the co reported Q2 results; believes YHOO is "priced to perfection," and that fundamentals do not support the co's valuation; in the current mkt environment, firm believes a more reasonable valuation is $9-10.
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