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Fly News Breaks for July 6, 2015
YELP
Jul 6, 2015 | 07:24 EDT
After Bloomberg reported that Yelp's CEO decided not to pursue a sale of the company, SunTrust still believes that the company is a strategic asset that could still be acquired by a number of companies. The firm believes that Yelp's valuation is "paltry" compared with its peers, and already implies that 2016 consensus estimates will decline over 20%. SunTrust keeps a Buy rating on Yelp.