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Fly News Breaks for April 17, 2015
YELP
Apr 17, 2015 | 08:06 EDT
Wunderlich says recent developments on the legal and regulatory fronts as well as enhanced search capabilities should be positive for Yelp's (YELP) outlook. The firm believes the European Commission's charges against Google (GOOG) should help Yelp's traffic overseas. It also views the Supreme Court of Virginia's decision yesterday to protect users' rights to free speech and anonymity online as positive for Yelp's reviewers and community. Further, it points out Yelp introduced a new search tool for restaurant reservations and takeout/delivery food, which it thinks will help the user experience and potential ad targeting. Wunderlich keeps a Buy rating on Yelp with a $90 price target.
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