S&P Reiterates BUY Recommendation on Yahoo Shares

October 07 00:00 2011

NEW YORK, October 7 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Equity Research maintains his BUY recommendation on the shares of Yahoo (NASDAQ: YHOO).

Analyst Scott Kessler, in a research note published yesterday, mentions that during the late trading session, the price of Yahoo’s share rose significantly mainly due to the unconfirmed Reuters reports that Microsoft (NASDAQ: MSFT) is eyeing for a bid. Few years back Microsoft offered close to €50 billion in a transaction to buy Yahoo, but currently these companies are implementing advertising alliance and global research. Yahoo’s worth is about half of what Microsoft was willing to pay, but the company is considering strategic alternatives, which might attract more parties to the deal. Such step might prove good for the shares of Yahoo, the analyst adds.