UPDATE: Citigroup Raises PT to $21 on Yahoo! on Positive Q4 Results
January 29, 2013 at 12:33 PM EST
Citigroup reiterated its Neutral rating on Yahoo! (NASDAQ: YHOO ) and raised the price target from $18.00 to $21.00. Citigroup noted, "YHOO's valuation is highly intriguing. We see current valuation implying a very low 2.5X multiple to YHOO's '13 EBITDA. That's optically very cheap. But YHOO has been “optically very