Broadpoint AmTech Maintains Buy Rating For Yahoo! Inc. (YHOO)

Analysts Benjamin Schachter and Thomas C. White at Broadpoint AmTech have released an update on Yahoo! Inc. (NASDAQ: YHOO).

Yahoo has confirmed to analysts at Broadpoint AmTech that Ari Balogh, CTO and EVP of products, will be leaving the company for personal reasons. Balogh was involved in driving product initiatives and restructuring the company’s infrastructure. Analysts believe that the departure of Balogh will be seen by investors as a negative.

Analysts continue to rate Yahoo! Inc. as Buy. The price target for the company has been maintained at $21.