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Fly News Breaks for August 10, 2016
YELP
Aug 10, 2016 | 07:36 EDT
UBS said they remain cautious on Yelp despite the progress the company has made in 2016. The firm noted the company reported better ad revenue per account and solid operating leverage, but they are concerned about traffic growth moderation, rising investment costs, and its ability to sustain operating momentum. UBS reiterated its Sell rating but raised its price target to $25 from $17 on Yelp shares.
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