Yahoo! "hold"

10/15/07 - Cantor Fitzgerald

NEW YORK, October 15 (newratings.com) - Analyst Derek Brown of Cantor Fitzgerald maintains his "hold" rating on Yahoo! Inc (YHOO). The target price is set to $30.

In a research note published on October 12, the analyst mentions that the company is expected to post its 3Q revenue, adjusted OIBDA and GAAP EPS, scheduled to be reported on October 16, at $1.24 billion, $0.43 billion and $0.08, respectively, in-line with the consensus. Yahoo!’s guidance for FY07 is expected to reflect a loss of online advertising market share and a healthy performance by Panama, the analyst says. The recent acquisitions have not substantially changed the company’s near-term prospects, Cantor Fitzgerald adds.