Nomura Says Yahoo Making The Right Moves

By | October 29, 2014

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Saying that beleaguered Internet firm Yahoo is making the right strategic moves to boost its business, investment bank Nomura Securities resumed coverage of the company on Wednesday with a buy rating and boosted its price target to 57 from 40. The No. 3 search firm’s emphasis on mobile ads “can offset the drag from legacy PC display (ad) declines, starting in 2015,” wrote Nomura analyst Anthony DiClemente in a report Wednesday. Yahoo (YHOO) CEO Scalper1 News

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