Analysts Turn Bullish Ahead of Yahoo Earnings

ThinkEquity LLC analyst Aaron Kessler upgraded Yahoo! Inc. to BUY stating that the Internet company is an attractive risk/reward story at current valuations. The analyst said that 2Q10 results should be strong due to strength in both display and Search. He expects EPS of 15 cents, a penny ahead of consensus. Ross Sandler at RBC maintained his Outperform rating and expects a strong quarter as well citing similar reasons.