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UPDATE 2-UBS upgrades Yahoo and Google.

The America's Intelligence Wire

| March 08, 2005 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From CBS Marketwatch (Stories))

NEW YORK (MarketWatch) -- If you're scouring the Internet for investment opportunities, Yahoo Inc. is a more attractive proposition than Google, according to brokerage UBS.

But both Internet search engines have solid near-term prospects, prompting analyst Benjamin Schachter to raise his recommendation on the two companies.

Schachter upgraded Yahoo to "buy" from "neutral," saying it is well positioned to meet or exceed earnings forecasts for 2005. He lifted his 2005 earnings forecast by 2 cents to 52 cents and his 2006 estimate by 6 cents to 67 cents.

The higher earnings estimate also prompted him to raise his 12-month price target by $3 to $41.

Google Inc saw its recommendation raised to "neutral" from "reduce," due to the continued strength of its Google.com sites, slower than…

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