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Fly News Breaks for February 9, 2016
YELP
Feb 9, 2016 | 05:49 EDT
Piper Jaffray analyst Gene Munster cut his price target for Yelp shares to $19 citing decelerating user engagement and account growth following the company's December quarter results. The will be range bound following another quarter of "disappointing core advertising revenue and lighter profitability than anticipated," Munster tells investors in a post-earnings research note. He reiterates a Neutral rating on Yelp.
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