Seven analysts downgrade Yahoo stock
C|Net Blogs | at | by Mike
Yahoo's shares weren't the only thing to take a beating Monday, following Microsoft's megabillion buyout pullout.
Turns out a fifth of analysts who follow Yahoo changed their recommendations on Monday--all to a "sell" or "strong sell," according to Thomson Reuters.
The downgrades come as Yahoo ended the day at $24.37 per share, down 15 percent from its close on Friday.
Seven analysts changed their recommendations, and here's the score: - 3 were updated to "strong sells" from "strong buys" - 3 were updated to "sell" from "hold" - 1 updated to "strong sell" from "hold"