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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (735)1/15/1998 1:47:00 PM
From: Ted Levy  Read Replies (1) of 18691
 
Just released re YHOO:

CHICAGO, Jan 15 (Reuters) - Everen Securities Inc said it raised its intermediate rating of Yahoo! Inc to outperform from market perform.

Everen said it expected shares of Yahoo!, the Internet media company, to provide a total return of five or more percent above the S & P 500 Index in the next six months.

Everen kept its long-term rating at outperform.

"Yahoo! has clearly taken the lead in web advertising sites," Everen said in a research note. "Clearly, our valuation has been too conservative."

Everen set a six-month price target of $84 a share and a six- to 18-month target of $95 a share.

Ted
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