Analyst Lowers Yahoo Price Target

Let’s be clear: no one’s saying that Yahoo is screwed.  The news isn’t exactly good, however, as an analyst at Jefferies & Co. has just lowered both his price target and sales estimates on the company.

The difference between $35 and $32 per share might mean a lot to investors; it is, after all, a drop of about 8.5 percent.  Likewise, $5.87 billion is noticeably less than $6.12 billion; it would be a rare individual who wouldn’t want the $250 million that’s gone missing.

But to get back to the "not screwed" concept, Youssef H. Squali, the Jefferies & Co. analyst in question, thinks there’s still hope.  While he called 2008 "a make-or-break year for this management team," he also, according to the AP, "kept his ‘Buy’ rating, calling Yahoo a ‘value pick.’"

Also, Yahoo’s down only 0.50 percent for the day, while the Nasdaq’s down 0.88 percent so far.  This is hardly a big enough inconsistency for us to make any grand conclusions, but there the facts are, anyway.

And as always, we’ll bring you industry updates and keep a close eye on Yahoo’s stock.