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Brean Capital Cuts Price Target on Yelp (YELP) to $40 Following 2Q15 Results
July 29, 2015 7:07 AM EDTBrean Capital maintained a Buy rating on Yelp (NYSE: YELP), and cut the price target to $40.00 (from $58.00), following 2Q15 results. Sales of $133.9MM were slightly higher than the consensus forecast of $133.5MM. Management guided 3Q15 revenues to $139MM-$142MM vs. the consensus of $153MM.
Anlayst Tom Forte commented, "While 3Q15 And 2015 Guidance Come Up Short. Yelp... More
Yelp (YELP) Chairman Max Levchin to step down - CNBC
July 28, 2015 4:53 PM EDTYelp (NYSE: YELP) Chairman Max Levchin to step down, according to CNBC. Levchin will step down to pursue other interests, according to headlines.
... More