Global Equities Research Reiterates OW Rating, $18 PT on Yahoo!

Global Equities Research is reiterating its Overweight rating and $18 price target on shares of Yahoo! YHOO. This report follows expectations that Yahoo! will replace its current Geo-Platform (which is mainly Navteq) with Google's GOOG Geo-Platform. “Navteq has been relatively slow in keeping their mapping information up-to-date vs. Google Maps and Microsoft MSFT Maps,” Global Equities Research writes. “Google Maps are being constantly updated in almost real-time by the Google map community. For Example, if a road is blocked for repairs, Google Maps are updated to reflect this change in almost real time. Navteq does not have this capability.” Yahoo! currently trades at $15.98.