UPDATE: Jefferies Raises PT to $20 on Yahoo! on Gradual Improvement
January 29, 2013 at 12:33 PM EST
Jefferies reiterated its Hold rating on Yahoo! (NASDAQ: YHOO ) and raised the price target from $18.00 to $20.00. Jefferies commented, "While we think Yahoo! has a decent set of under-monetized assets, we still reiterate our Hold rating while raising our PT to $20. Yahoo! is relatively cheap on