Jefferies Starts Yelp (YELP) at Hold, $23 Target
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Price: $24.70 +1.27%
Rating Summary:
17 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on recent IPO Yelp (NYSE: YELP) with a Hold. PT $23.00.
The firm comments, "Yelp's brand and strong network effect make it a clear beneficiary of the secular move of local ad dollars online. The business model is proving disruptive, scalable and should over time prove highly profitable."
Note: Jefferies was a co-lead underwriter of Yelp's IPO.
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 $25.81 yesterday.
The firm comments, "Yelp's brand and strong network effect make it a clear beneficiary of the secular move of local ad dollars online. The business model is proving disruptive, scalable and should over time prove highly profitable."
Note: Jefferies was a co-lead underwriter of Yelp's IPO.
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 $25.81 yesterday.
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