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Deutsche Bank Downgrades Yelp (YELP) to Hold

November 9, 2018 6:46 AM EST

Deutsche Bank analyst Lloyd Walmsley downgraded Yelp (NYSE: YELP) from Buy to Hold with a price target of $34.00 (from $64.00).

The analyst commented, "We downgrade shares of Yelp as we are no longer comfortable recommending investors buy the shares and view the risk / reward as balanced from here. The lack of PAA growth makes the shift to... More