S&P Maintains BUY Rating on Yahoo Shares

October 04 00:00 2011

NEW YORK, October 4 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Equity Research maintains his BUY rating on shares of Yahoo (NASDAQ: YHOO).

Analyst Scott Kessler, in a research note published yesterday, mentions that according to unconfirmed Bloomberg reports that at an event of Q&A session held last week at Stanford University’s graduate business school. The CEO, founder and Chairman of Alibaba Group, intimated his interest in buying Yahoo Inc. (YHOO). He indicated discussions with the company and other concerned parties. The analyst believes that yahoo is analyzing all strategic alternatives, and their stake of 43% in Alibaba is the most cherished asset. S&P Equity Research anticipates that for some time Ma and Alibaba have been considering buying out all or some of Yahoo’s stake.