Morgan Stanley Maintains Underweight on Yelp, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Underweight rating on Yelp (NYSE:YELP) and raises the price target from $30 to $32.
August 15, 2023 | 1:05 pm
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Morgan Stanley maintains an Underweight rating on Yelp and raises the price target from $30 to $32.
The news is directly about Yelp and its stock price. Morgan Stanley's decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities elsewhere. However, the increase in price target from $30 to $32 indicates a slightly more positive outlook, which could potentially offset the negative impact of the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100