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Fly News Breaks for April 30, 2015
YELP
Apr 30, 2015 | 05:49 EDT
RBC analyst Mark Mahaney downgraded Yelp to Sector Perform citing the company's "very negative" Q1 results. Mahaney notes Yelp's outlook for Q2 implies ongoing deceleration. He lowered his price target for the stock to $50 from $82. Shares of the review website are down $8.43 to $42.85 in pre-market trading.
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