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YELP

Yelp

$38.46

-0.46 (-1.18%)

20:18
02/13/19
02/13
20:18
02/13/19
20:18

Yelp downgraded to Neutral from Buy at Citi

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YELP Yelp
$38.46

-0.46 (-1.18%)

01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/04/19
GSCO
02/04/19
INITIATION
Target $42
GSCO
Buy
Yelp initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Michael Ng started Yelp with Buy rating and $42 price target. Yelp's transition to non-term advertising contracts should increase trial activity and drive growth in paid advertising accounts, Ng tells investors in a research note. He also believes the company should more effectively gain market share from other forms of direct advertising, particularly as U.S. advertising spending on directories is "nearly depleted." Further, new product features, such as a Request a Quote in home services and Nowait & Reservations in restaurants, should help Yelp accelerate revenue growth in those verticals, says the analyst.
02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RIG

Transocean

$8.84

0.1 (1.14%)

, DO

Diamond Offshore

$10.71

0.42 (4.08%)

11:22
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On The Fly
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RIG

Transocean

$8.84

0.1 (1.14%)

DO

Diamond Offshore

$10.71

0.42 (4.08%)

PFE

Pfizer

$42.02

-0.56 (-1.32%)

LUV

Southwest

$54.30

-3.36 (-5.83%)

ALK

Alaska Air

$63.32

-1.23 (-1.91%)

SCHW

Charles Schwab

$46.09

-0.97 (-2.06%)

ETFC

E-Trade

$48.38

-0.28 (-0.58%)

IMAX

Imax

$21.74

0.81 (3.87%)

SNE

Sony

$47.24

1.025 (2.22%)

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GBT

Global Blood Therapeutics

$50.70

0.01 (0.02%)

11:22
02/20/19
02/20
11:22
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11:22
Conference/Events
Global Blood Therapeutics participates in a conference call with JPMorgan »

Biotech Analyst Kasimov…

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MGLN

Magellan Health

$71.36

6.31 (9.70%)

11:20
02/20/19
02/20
11:20
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11:20
Periodicals
Magellan Health jumps 8% after Reuters says exploring sale »

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MLCO

Melco Resorts & Entertainment

$23.15

0.95 (4.28%)

11:20
02/20/19
02/20
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11:20
Options
Call buyer in Melco as shares extend gains »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
02/20/19
02/20
11:17
02/20/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
02/20/19
02/20
11:16
02/20/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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SN

Sanchez Energy

$0.36

(0.00%)

11:14
02/20/19
02/20
11:14
02/20/19
11:14
Hot Stocks
NYSE to suspend trading in Sanchez Energy, commence delisting proceedings »

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AAOI

Applied Optoelectronics

$15.10

0.175 (1.17%)

11:10
02/20/19
02/20
11:10
02/20/19
11:10
Options
Applied Optoelectronics attracts a defensive option play ahead of earnings »

Applied Optoelectronics…

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11:10
02/20/19
02/20
11:10
02/20/19
11:10
General news
Oil Action: WTI crude »

Oil Action: WTI crude has…

CVS

CVS Health

$64.96

-4.96 (-7.09%)

, RAD

Rite Aid

$0.77

-0.0121 (-1.56%)

11:08
02/20/19
02/20
11:08
02/20/19
11:08
On The Fly
CVS plunges on weaker guidance after closing Aetna acquisition »

Shares of CVS Health…

CVS

CVS Health

$64.96

-4.96 (-7.09%)

RAD

Rite Aid

$0.77

-0.0121 (-1.56%)

CI

Cigna

$195.38

-2.8 (-1.41%)

UNH

UnitedHealth

$269.15

-1.11 (-0.41%)

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MGLN

Magellan Health

$65.33

0.28 (0.43%)

11:05
02/20/19
02/20
11:05
02/20/19
11:05
Hot Stocks
Breaking Hot Stocks news story on Magellan Health »

Magellan Health jumps…

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MGLN

Magellan Health

$65.33

0.28 (0.43%)

11:05
02/20/19
02/20
11:05
02/20/19
11:05
Periodicals
Breaking Periodicals news story on Magellan Health »

Magellan Health exploring…

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WIX

Wix.com

$111.78

-13.92 (-11.07%)

11:05
02/20/19
02/20
11:05
02/20/19
11:05
Downgrade
Wix.com rating change  »

Rosenblatt downgrades…

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TKC

Turkcell

$6.97

0.06 (0.87%)

11:02
02/20/19
02/20
11:02
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11:02
Earnings
Turkcell reports FY net income 2.02B liras, consensus 1.93B liras »

Bloomberg reports that…

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VIA

Viacom

$34.98

0.13 (0.37%)

, VIAB

Viacom

$29.35

0.22 (0.76%)

11:02
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Hot Stocks
Viacom, fuboTV announce distribution partnership »

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VIA

Viacom

$34.98

0.13 (0.37%)

VIAB

Viacom

$29.35

0.22 (0.76%)

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HRL

Hormel Foods

$42.86

-0.45 (-1.04%)

11:00
02/20/19
02/20
11:00
02/20/19
11:00
Options
Put buyers gobble up positions in Hormel Foods ahead of earnings »

Put buyers gobble up…

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WIX

Wix.com

$112.09

-13.61 (-10.83%)

10:56
02/20/19
02/20
10:56
02/20/19
10:56
Downgrade
Wix.com rating change  »

Wix.com downgraded to…

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SJM

J.M. Smucker

$106.49

2.47 (2.37%)

10:54
02/20/19
02/20
10:54
02/20/19
10:54
Earnings
J.M. Smucker issues preliminary FY20 adjusted EPS growth outlook of 3%-4% »

In slides for its…

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SJM

J.M. Smucker

$106.08

2.06 (1.98%)

10:52
02/20/19
02/20
10:52
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10:52
Hot Stocks
J.M. Smucker sees FY20 outlook helped by pet prices, hurt by peanut butter price »

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ETM

Entercom

$7.73

0.22 (2.93%)

10:50
02/20/19
02/20
10:50
02/20/19
10:50
Options
Pre-earnings call buying in Entercom Communications »

Pre-earnings call buying…

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SJM

J.M. Smucker

$106.00

1.98 (1.90%)

10:48
02/20/19
02/20
10:48
02/20/19
10:48
Earnings
J.M. Smucker repeats FY19 adjusted EPS view of $8.00-$8.20, consensus $8.01 »

In slides for its…

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TGEN

Tecogen

$3.84

(0.00%)

10:48
02/20/19
02/20
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10:48
Hot Stocks
Tecogen secures $8.4M trigeneration project in Manhattan »

Tecogen announced an…

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TKC

Turkcell

$6.97

0.06 (0.87%)

10:47
02/20/19
02/20
10:47
02/20/19
10:47
Hot Stocks
Breaking Hot Stocks news story on Turkcell »

Turkcell trading halted,…

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HON

Honeywell

$153.66

0.39 (0.25%)

10:43
02/20/19
02/20
10:43
02/20/19
10:43
Hot Stocks
Breaking Hot Stocks news story on Honeywell »

Honeywell says UOP will…

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HON

Honeywell

$153.66

0.39 (0.25%)

10:41
02/20/19
02/20
10:41
02/20/19
10:41
Hot Stocks
Honeywell says UOP has been 'very disciplined' on the cost side »

Says Honeywell UOP…

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