Yahoo Sale Possible, Netflix Price Target Lowered, Target Takes Step Back With Credit Cards
As the U.S. financial markets continue to rise on Wednesday, Yahoo! (NASDAQ:YHOO) sees one of its founders throw in the towel, Netflix (NASDAQ:NFLX) is trying their best to lure customers in at $8 per month and Target (NYSE:TGT) is giving up on its credit card business. Here’s what top analysts on Wall Street are saying about their stocks now:
Yahoo! Inc. (NASDAQ:YHOO): Stifel Nicolaus says Yahoo! could be bought. The firm feels that the resignation of Jerry Yang from Yahoo!‘s board gives the company a better chance of selling itself. With Yang gone, Stifel Nicolaus makes it a 70 percent chance that Yahoo! will sell. The firm also thinks the company could free up the value in its Asian assets without too many tax issues. The firm maintains a Buy with an $18.
Netflix, Inc. (NASDAQ:NFLX): Bernstein lowers target for Netflix from $79 to $71. Bernstein expects slower growth from the company as more U.S. competitors stream video on demand. Shares are Market Perform.
Target Corp. (NYSE:TGT): Deutsche Bank negative on Target ending credit card sale. The firm believes suspending the sale reduces capital which management could put to use for other investments or repurchase of shares. The firm feels putting the sale on hold could be management attempt to modify the business. If this is the case, the company could wind up with less favorable terms in the future.The firm keeps Target a Hold.
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