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Fly News Breaks for April 30, 2015
YELP
Apr 30, 2015 | 07:21 EDT
BofA/Merrill downgraded Yelp to Neutral and lowered its price target to $55 from $65 following disappointing Q1 results driven by brand revenue miss and sales force execution. The firm now longer views Yelp as a raise and beat story and 2015 revenue estimate below guidance. Shares were also downgraded at Northland and RBC Capital this morning.
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