Topeka Capital Initiates Yelp With Buy

Analysts at Topeka Capital initiated coverage on Yelp Inc (NYSE: 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.