Topeka Capital Initiates Yelp With Buy

Analysts at Topeka Capital initiated coverage on Yelp Inc YELP with a Buy rating. The target price for Yelp is set to $60. Yelp shares have dropped 40.29 percent over the past 52 weeks, while the S&P 500 index has surged 8.87 percent in the same period. Yelp shares rose 0.33 percent to close at $45.27 yesterday.