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Fly News Breaks for May 11, 2018
YELP
May 11, 2018 | 07:47 EDT
Credit Suisse analyst Philip Wang raised his price target on Yelp to $60 from $55 and maintained an Outperform rating on the stock, after Yelp's Q1 results outperformed guidance and Street estimates. Wang said in the research note, "The highlight for us in the 1Q18 result was the faster pace of Local Advertiser Account growth as Yelp expanded its sales effort to add customers on flexible open-ended contracts vs the prior fixed-term."
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