Yahoo! upgraded to "outperform"

09/12/06 - RBC Capital Markets

NEW YORK, September 12 (newratings.com) - Analyst Jordan Rohan of RBC Capital Markets upgrades Yahoo! Inc (YHOO) to "outperform." The target price is set to $33.

In a research note published yesterday, the analyst mentions that despite a slow beginning to the quarter, the company’s branded advertising is expected to rise in the current quarter. Yahoo!’s marketing budget has been bolstered by the company’s streaming video capabilities and its geo-targeting potential, the analyst adds.