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YELP

Yelp

$45.45

1.45 (3.30%)

13:05
01/12/18
01/12
13:05
01/12/18
13:05

Yelp declines comment on activist speculation

A Yelp spokesperson told The Fly in an email that the company has "no comment" on the speculation that surfaced earlier today regarding the potential presence of an activist investor. Yelp shares are up 4%, or $1.60, to $45.60 following this morning's conjecture.

YELP Yelp
$45.45

1.45 (3.30%)

12/07/17
12/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Underweight from Neutral at Piper Jaffray with analyst Sam Kemp saying given the "messiness" of removing Eat24, investors missed that Yelp lowered organic fourth quarter guidance by 2%. 2. Toll Brothers (TOL) downgraded to Outperform from Strong Buy at Raymond James with analyst Buck Horne saying fiscal 2018 gross margins are more cautious than expected due to New York City headwinds ahead of an upcoming supply wave. 3. Priceline (PCLN) and Expedia (EXPE) were downgraded to Neutral from Buy at MKM Partners. 4. Ctrip.com (CTRP) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao saying the introduced an opt-in option in early October by removing part of the default purchase setting of bundled products. 5. Allergan (AGN) downgraded to Hold from Buy at Argus analyst David Toung saying the company's Botox may face increasing competition from a botulinum toxin-based product being developed by Revance Therapeutics (RVNC) by 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/17
JPMS
12/18/17
NO CHANGE
Target $1375
JPMS
Overweight
JPMorgan calls Facebook, Priceline and Amazon top 2018 Internet picks
JPMorgan analyst Doug Anmuth raised his price target for Amazon.com (AMZN) to $1,375 from $1,220, for Priceline (PCLN) to $2,050 from $1,950 and for Yelp (YELP) to $55 from $52 in conjunction with his 2018 outlook for the Internet sector. The analyst this morning also upgraded Twitter (TWTR) to Overweight from Neutral and raised his price target for the shares to $27 from $20. Anmuth's best Internet ideas for 2018 are Facebook (FB), Priceline and Amazon for large-caps and Twitter and Yelp for smid-caps.
01/05/18
SBSH
01/05/18
NO CHANGE
Target $1400
SBSH
Buy
Citi names Amazon top Internet pick for 2018, ups target to $1,400
Citi analyst Mark May remains bullish on the consumer Internet sector, especially over the near term. The analyst believes a "positive, tax reform fueled, business climate" should benefit the end-markets of the companies in the space. After outperformance in 2017, however, he recommends being more selective in 2018. Amazon.com (AMZN) moves up a spot to become his top-ranked pick for 2018. May sees the combination of greater than 30% sales growth, margin expansion and the current valuation as a "compelling mix." He raised his price target for Amazon shares to $1,400 from $1,250. May's most- to least-favored stocks under coverage, in order, are: Amazon, Expedia (EXPE), Facebook (FB), Priceline (PCLN), Alphabet (GOOGL), eBay (EBAY), Yelp (YELP), Twitter (TWTR), TripAdvisor (TRIP), Netflix (NFLX), GrubHub (GRUB), GoDaddy (GDDY), Despegar.com (DESP), trivago (TRVG), LendingClub (LC), Wayfair (W), Snap (SNAP), Zillow (ZG), Blue Apron (APRN) and Roku (ROKU), which he downgraded this morning to Sell.
01/08/18
JPMS
01/08/18
NO CHANGE
Target $230
JPMS
Overweight
JPMorgan calls Facebook best idea for 2018, ups target to $230
JPMorgan analyst Doug Anmuth calls Facebook (FB) his best idea for 2018 and raised his price target for the shares to $230 from $225. The social media giant closed Friday up $2.52 to $186.85. The analyst's favorite names for 2018 are Facebook, Priceline (PCLN) and Amazon (AMZN) among large-caps and Twitter (TWTR) and Yelp (YELP) among smid-caps. Facebook continues to show a "rare and impressive" combination of scale, growth and profitability, Anmuth tells investors in a research note. The analyst expects continued strong engagement and highlights the "rapid growth" at Instagram, which he believes could double over time and ultimately approach core Facebook platform scale. He keeps an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

NTR

Nutrien

$53.07

0.07 (0.13%)

05:05
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NFLX

Netflix

$227.58

7.12 (3.23%)

05:01
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05:01
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ADBE

Adobe

$197.84

2.11 (1.08%)

05:00
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    May

ATUS

Altice USA

$21.90

0.6 (2.82%)

, ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:58
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01/23
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04:58
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ATUS

Altice USA

$21.90

0.6 (2.82%)

ALLVF

Altice NV

$11.35

0.3675 (3.35%)

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NFLX

Netflix

$227.58

7.12 (3.23%)

04:55
01/23/18
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04:55
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  • 30

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ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:55
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01/23
04:55
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04:55
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04:55
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04:55
Conference/Events
Wolfe Research utilities analyst to hold a luncheon meeting »

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RHT

Red Hat

$128.01

2.07 (1.64%)

04:55
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Conference/Events
Red Hat participates in a conference call with Bernstein »

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  • 23

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CAMP

CalAmp

$23.13

0.02 (0.09%)

04:55
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  • 23

    Jan

AYR

Aircastle

$24.23

-0.03 (-0.12%)

04:55
01/23/18
01/23
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Aircastle management to meet with Oppenheimer »

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  • 23

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CRNCY

Cairn Energy

$6.15

0.11 (1.82%)

04:55
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Conference/Events
Cairn Energy management to meet with RBC Capital »

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  • 23

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SRE

Sempra Energy

$105.05

-0.94 (-0.89%)

04:55
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Conference/Events
Sempra Energy management to meet with Wolfe Research »

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  • 23

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    Jan

TRN

Trinity Industries

$36.51

-0.15 (-0.41%)

04:55
01/23/18
01/23
04:55
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04:55
Conference/Events
Trinity Industries management to meet with Wedbush »

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  • 23

    Jan

EPE

EP Energy

$2.48

0.17 (7.36%)

04:55
01/23/18
01/23
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EP Energy to hold a conference call »

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  • 23

    Jan

SBOW

SilverBow Resources

$31.45

-0.79 (-2.45%)

04:55
01/23/18
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Conference/Events
SilverBow Resources management to meet with Stephens »

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  • 23

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SIG

Signet Jewelers

$55.87

0.8 (1.45%)

04:55
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Conference/Events
Signet Jewelers management to meet with Buckingham »

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  • 23

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BNED

Barnes & Noble Education

$7.71

0.01 (0.13%)

04:55
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  • 23

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FCPT

Four Corners Property Trust

$24.13

0.45 (1.90%)

04:55
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Four Corners Property Trust management to meet with JMP Securities »

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  • 23

    Jan

PRQR

ProQR Therapeutics

$3.03

0.025 (0.83%)

04:55
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  • 23

    Jan

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    Feb

BRG

Bluerock Residential

$9.22

0.03 (0.33%)

04:55
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Conference/Events
Bluerock Residential management to meet with JMP Securities »

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  • 23

    Jan

UNF

UniFirst

$171.15

0.2 (0.12%)

04:55
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UniFirst management to meet with Northcoast »

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  • 23

    Jan

CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

, CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

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CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

NBLX

Noble Midstream

$56.22

1.12 (2.03%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SHLX

Shell Midstream

$30.46

0.33 (1.10%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

WES

Western Gas Partners

$53.74

1.43 (2.73%)

WGP

Western Gas Equity

$41.91

1.49 (3.69%)

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

, CEQP

Crestwood Equity

$28.50

0.75 (2.70%)

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UBS to hold a tour »

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

CEQP

Crestwood Equity

$28.50

0.75 (2.70%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SEP

Spectra Energy Partners

$43.40

0.81 (1.90%)

SHLX

Shell Midstream

$30.46

0.33 (1.10%)

TRGP

Targa Resources

$51.00

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WES

Western Gas Partners

$53.74

1.43 (2.73%)

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ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

04:55
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Abeona Therapeutics management to meet with RBC Capital »

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  • 23

    Jan

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STML

Stemline

$14.25

0.7 (5.17%)

04:55
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  • 23

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