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Fly News Breaks for July 29, 2015
YELP
Jul 29, 2015 | 08:23 EDT
As noted earlier, Oppenheimer downgraded Yelp to Perform from Outperform. As reasons for the downgrade, the firm cited the company's weaker than expected fiscal 2015 guidance and its belief that investors now expect the company's terminal margins to be 20%, down from 40% previously.
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