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Fly News Breaks for September 25, 2015
YELP
Sep 25, 2015 | 08:46 EDT
SunTrust reports that Yelp's management has started to communicate with the company's top shareholders. The firm thinks that this development will help Yelp regain its credibility and keep pressure on the company to improve its stock performance. The firm adds that the comps of the company's Local Ad revenue growth are easing, while the short interest of the stock remains high despite the significant decline in the shares. SunTrust cut its price target on the name to $32 from $37 but keeps a Buy rating on the shares.
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