Wednesday, March 09, 2005
Top News Article | Reuters.com: "RESEARCH ALERT - UBS upgrades Google, Yahoo
Tue Mar 8, 2005 08:36 AM ET
NEW YORK, March 8 (Reuters) - UBS on Tuesday raised its rating on Yahoo Inc. (YHOO.O: Quote, Profile, Research) to 'buy' from 'neutral' and on Google Inc. (GOOG.O: Quote, Profile, Research) to 'neutral' from 'reduce.'
UBS raised Yahoo's price target to $41 from $38, saying the current weakness in the stock is not in line with valuation. The brokerage cited confidence in Yahoo's branded advertising, content partnerships and international growth.
It raised Google's price target to $190 from $160 citing growth in the Internet search company's Web sites and slower-than-expected rises in capital and operating expenses. "
Tue Mar 8, 2005 08:36 AM ET
NEW YORK, March 8 (Reuters) - UBS on Tuesday raised its rating on Yahoo Inc. (YHOO.O: Quote, Profile, Research) to 'buy' from 'neutral' and on Google Inc. (GOOG.O: Quote, Profile, Research) to 'neutral' from 'reduce.'
UBS raised Yahoo's price target to $41 from $38, saying the current weakness in the stock is not in line with valuation. The brokerage cited confidence in Yahoo's branded advertising, content partnerships and international growth.
It raised Google's price target to $190 from $160 citing growth in the Internet search company's Web sites and slower-than-expected rises in capital and operating expenses. "
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