Yahoo! "outperform"

10/03/07 - Credit Suisse

NEW YORK, October 3 (newratings.com) - Analyst H Terry of Credit Suisse maintains his "outperform" rating on Yahoo! Inc (YHOO). The target price is set to $32.

In a research note published this morning, the analyst mentions that the company is expected to report its 3Q results broadly in-line with the expectations. Although Yahoo! is able to narrow the monetization gap with its top competitor due to its Panama system, this is likely to be offset by the continuing decline in Yahoo!’s query share, the analyst says. Yahoo!’s properties are witnessing a decline in global pageviews, which were down by the low-single digits sequentially through August, Credit Suisse adds.