Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: PeterGx who wrote (10225)	4/17/1998 10:55:00 AM
From: Ken M	Read Replies (1) of 27307

Reuters, Friday, April 17, 1998 at 10:35 CHICAGO, April 17 (Reuters) - EVEREN Securities said Friday it lowered its intermediate term rating on Yahoo! Inc. to market performer from outperform but maintained its long term outperform rating. -- Says in report downgrade based on valuation as the stock reached its near term price target. -- Says Yahoo sells at 286 times its 1998 earnings per share estimate of $0.45 and 165 times its estimate of $0.78 for 1999. Says valuation could increase but concerned that any advance would be short lived. -- Stock down 4-17/64 at 124-1/8 in morning trade. chicago.equities.newsroom@reuters.com))

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