UPDATE: BGC Partners Downgrades Yahoo! to Hold on Near-Term Headwinds
BGC Partners downgraded Yahoo! (NASDAQ: YHOO ) from Buy to Hold while reiterating a $21.00 price target. BGC Partners analyst Colin Gillis commented, "Yahoo shares are up 43% since we upgraded to BUY on May 21, 2012 at $15.50, and the stock is currently trading above our $21 price target.