Yelp Upgraded After Q1 Gets Closer To Profitability

By | May 1, 2014

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Yelp (YELP) stock rose Thursday and received upgrades from analysts after the company late Wednesday issued Q1 results that showed it is getting closer to profitability. “Yelp posted a strong Q1,” RBC Capital Markets analyst Mark Mahaney wrote in a research note. He upgraded the stock to outperform, or buy, from sector perform. Credit Suisse, Citigroup and Macquarie each upgraded the stock to outperform on Thursday, while Piper Jaffray boosted Scalper1 News

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