Evercore Partners Downgrades Yahoo! To Hold

Analysts at Evercore Partners downgraded Yahoo! Inc (NASDAQ: YHOO) from Buy to Hold.

The price target for Yahoo! has been lowered from $55.00 to $48.00.

Yahoo! shares have gained 23.20 percent over the past 52 weeks, while the S&P 500 index has surged 10.18 percent in the same period.

Yahoo! shares fell 0.35 percent to $42.70 in pre-market trading.