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Fly News Breaks for August 10, 2016
YELP
Aug 10, 2016 | 08:48 EDT
Roth Capital analyst Darren Aftahi reiterates a Sell rating on Yelp despite Q2 outperformance as his long-term thesis remains unchanged. The analyst remains concerned about decelerating mobile user growth, of which 75% comes from Mobile Web, which could plateau as early as Q1 2017. Aftahi raised his price target on the shares to $29 from $16.5.
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