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Yelp (YELP) PT Lowered to $26 at Baird Following 1Q

May 10, 2017 8:12 AM EDT

Baird lowered its price target on Yelp (NYSE: YELP) to $26.00 (from $40.00) while maintaining a Neutral rating. YELP reported 1Q revenues of $197.3M, slightly below the consensus estimate of $198.3M and at the midpoint of guidance of $195-199M. Adjusted EBITDA of $29M... More