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Fly News Breaks for July 28, 2015
YELP
Jul 28, 2015 | 06:18 EDT
Deutsche Bank downgraded Yelp to Hold ahead of the company's Q2 results tonight and cut its price target for shares to $31 from $56. The firm has a lack of conviction in its already below consensus estimates and is less confident in Yelp's strategic value. Deutsche points out the reasons for its Buy rating failed to materialize.
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