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Fly News Breaks for May 11, 2017
YELP
May 11, 2017 | 05:42 EDT
Citi analyst Mark May upgraded Yelp to Buy citing the recent 18% selloff in the shares, which he views as overdone. The factors driving the 3%-4% downward revision to revenue guidance have "largely stabilized" and the valuation is attractive at current levels, May tells investors in a research note. He lowered his price target for the shares to $35 from $39.
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