Yelp downgraded by Citi after disappointing 2019 forecast

Yelp downgraded by Citi after disappointing 2019 forecast

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/14/yelp-downgraded-by-citi-after-disappointing-2019-forecast.html

Citi Research downgraded its rating on Yelp shares to neutral from buy, saying the company's recent 2019 earnings forecasts were "disappointing."

"The topline outlook points to more challenging near-term business conditions than we expected," Citi said in a note to investors on Thursday.