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Fly News Breaks for March 9, 2016
YELP
Mar 9, 2016 | 06:07 EDT
UBS analyst Eric Sheridan downgraded Yelp to Sell saying he's skeptical of the company's turnaround. The company will enter a period of slowing revenue growth and margin pressures, driven by increased competition and share gains by larger digital ad companies, Sheridan tells investors in a research note. He maintains a price target on the shares of $17.
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.
