Yahoo! Inc. (NASDAQ:YHOO) Wants Default Search Status on Apple (NASDAQ:AAPL) Products


Yahoo! Inc. (NASDAQ:YHOO) is seeking to convince Apple (NASDAQ:AAPL) to make Yahoo its default search engine on its Safari browser for iPhone and iPad, replacing Google (NASDAQ:GOOG), reports Re/code, citing sources inside Yahoo.

Yahoo announced today the nomination of three new members to the company’s board. Shareholders will vote on the nominees at the company’s Annual Meeting on June 25. The nominees are David Filo, co-founder, Yahoo! Inc. and Chief Yahoo; Charles R. Schwab, chairman and a director of The Charles Schwab Corporation (SCHW); and H. Lee Scott, Jr., former President and Chief Executive Officer, Walmart (WMT).

Analysts have a consensus price target of $36.33 on Yahoo! Inc. (NASDAQ:YHOO) which indicates a 9.87% downside. The consensus rating of the stock is a HOLD with a score of 2.48. There are currently 14 Hold Ratings, 16 Buy ratings and 1 Sell ratings on the stock.

The most recent analyst action consisted of Zacks reiterating their neutral rating and $38 price target.

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