CRT Capital upgraded Yahoo! to Buy from Neutral. The firm upgraded shares due to progress on rebuilding its audience and expectations for traffic growth, improved monetization efforts, new product launches, and Alibaba valuation. Price target is $52.
26 acquisitions will make a positive dent in rebuilding YHOO. This is a fast pace industry and MM knows it and she is acting quickly instead of hiring engineers building YHOO organically.
Sentiment: Strong Buy