BofA Supports Yahoo

Banc of America backs its buy rating on Yahoo (YHOO) and says concerns surrounding the 1Q pricing environment are overblown. "Our recent conversations with online advertising buyers coupled with comments from the recent Search Engine Strategies conference in New York reinforce our view that the online ad market, particularly within sponsored search, remains robust," BofA says. YHOO up 2.4% to $33.12. (JHS)