UPDATE: Cantor Fitzgerald Upgrades Yelp to Buy on Sell-Off Opportunity
November 27, 2012 at 11:05 AM EST
Cantor Fitzgerald raised its rating on Yelp (NYSE: YELP ) from Hold to Buy with a $24 price target. Cantor Fitzgerald noted, "We are upgrading YELP shares to BUY while maintaining a $24 target, following a 20%+ price decline since 3Q:12 results (11/1/12.) The selloff was precipitated, in our