Northland Securities Downgrades Yelp (YELP) to Underperform

January 16, 2013 8:07 AM EST
Get Alerts YELP Hot Sheet
Price: $41.06 +0.34%

Rating Summary:
    20 Buy, 22 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Northland Securities downgraded Yelp (NYSE: YELP) from Market Perform to Underperform with a price target of $16.50 (from $18.00). The downgrades following weakness in the stock Tuesday after Facebook's "graphic search" announcement, which appears to directly compete against Yelp.

For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.

Shares of Yelp closed at $20.61 yesterday.

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