Yahoo (YHOO) is downgraded to Hold from Buy by Bernstein's Carlos Kirjner, who says it's hard to...

|By:, SA News Editor

Yahoo (YHOO) is downgraded to Hold from Buy by Bernstein's Carlos Kirjner, who says it's hard to see the upside from here following a 6-month 33% rally. He notes the timing of the Alibaba IPO is uncertain and the core business may produce weaker-than-expected results in H1. Shares -1.6% premarket.