Yahoo!'s stock continued to take a beating Dec. 11 as more analysts downgraded their ratings of the Internet company. Yahoo!'s stock fell another 3% from Friday, closing the day at $33.88. Deutsche Banc Alex. Brown, Robertson Stephens and Wit SoundView all voiced concerns about Yahoo!'s revenue streams, which rely on the increasingly soft online advertising market. The comments follow similar sentiments voiced last week by analysts at W.R. Hambrecht & Co. and Merrill Lynch.
Copyright December 2000, Crain Communications Inc.