Bear Stearns, trying to deflect attention from its own woes, re-sparked Yacrosoft speculation, after it was re-sparked last May. Bear Stearns analyst Robert Peck wrote in a letter to clients that he thinks Microsoft "continues to evaluate Yahoo as a target," and that a potential bid could fetch a $50 per share price tag - currently double Yahoo's current share price. Bear set a price target of $30 per share on its latest Yahoo report.
Yahoo (Nasdaq: YHOO) is up more than 5% today at $23.96 a share.
UPDATE 2-RESEARCH ALERT-Bear Stearns names Yahoo as top pick [Reuters via DealBook]
Posted by Anal_yst, Sep 04, 2007 4:56PM
Ok so maybe I'm missing some part of this analysts sooth-saying capabilities, but somehow methinks that MSFT taking out YHOO at ~110% premium to today's closing price has approximately an ice cube's chance in hell of happening.