S&P Equity Research Reiterates its BUY Rating on Yahoo Shares

October 05 00:00 2011

NEW YORK, October 5 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Equity Research reiterates his BUY rating on Yahoo shares (NASDAQ: YHOO). The target price is set to $17.

Analyst Scott Kessler, in a research note published yesterday, mentions that Bloomberg’s unconfirmed report suggests that investment group Silver Lake, DST global (Digital Sky Technologies) and Jack Ma’s Alibaba Group have been discussing an offer to acquire Yahoo Inc. Yahoo already has a 43% stake in Alibaba Group, and  Silver Lake, Ma’s Yunfeng Capital, and DST have already made news last week of purchasing Alibaba’s shares from its employees. The analyst believes that the group sees value in Alibaba and the Yahoo deal would be way to have more of Alibaba’s value. Yahoo’s stock is attractively valued at present, the analyst adds.