I just read a PR on YHOO this morning...And will change
The Prediction for YHOO this week I gave in my last post...
This is NOT Good News for YHOO...And it WILL hurt it's pps...
It opened Down over .50 this morning...
S&P Downgrades Yahoo:
Yahoo (YHOO ): Cuts to 3 STARS (hold) from 4 STARS (buy)
Analyst: Scott Kessler
We are raising our 12-month target to $45 from $42. However, after a rise in Yahoo shares by some 33% since Sept. 21, we now see the prices potential for further increases as more limited. Moreover, we think Yahoo's notable exposure to stock options could be construed unfavorably as 2006 approaches; the company will have to begin expensing them next year. To reflect anticipated stock-option expenses, we are lowering our 2006 earnings per share estimate to 66 cents from 76 cents. Even so, we see Yahoo as a prime beneficiary of online advertising growth.
