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Fly News Breaks for July 29, 2015
YELP
Jul 29, 2015 | 06:54 EDT
Cowen downgraded Yelp to Market Perform and lowered its price target to $25 from $55. The firm said Yelp lowered FY15 guidance due to its inability to retain veteran salespeople, customer churn issues, and poor ROI and downgraded shares due to uncertainty and profitability questions. Note this is the sixth downgraded of the day.
News For YELP From the Last 2 Days
YELP
Apr 24, 2024 | 08:07 EDT
Jefferies raised the firm's price target on Yelp to $43 from $42 and keeps a Hold rating on the shares. In a preview note for the U.S. Internet group, the firm says it will be looking for signs of sustainability in elevated ARPU growth at Yelp, especially as locations/app MAUs remain in decline.
