B of A Securities Initiates Coverage On Yelp with Underperform Rating, Announces Price Target of $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has initiated coverage on Yelp with an Underperform rating and set a price target of $30.
September 16, 2024 | 10:39 am
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B of A Securities has initiated coverage on Yelp with an Underperform rating and a price target of $30, suggesting potential downside.
The Underperform rating and a price target of $30 from B of A Securities suggest that the analyst expects Yelp's stock to underperform relative to the market. This could lead to a negative short-term impact on Yelp's stock price as investors may react to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100