Yelp Upgraded On Growth Potential, Stock Pullback

By | April 16, 2014

Scalper1 News

Shares of the online review website Yelp (YELP) were up 2% in early afternoon trading in the stock market today after Citigroup upgraded the stock to buy from neutral. Citigroup analyst Mark May said in an investor note Wednesday that a recent pullback in Yelp shares have created a technical buying opportunity. But the analyst also gave an upbeat appraisal of Yelp’s total addressable market, or TAM. “We believe Yelp is early in penetrating its Scalper1 News

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