Yelp price target lowered to $37 from $39 at Baird

Baird analyst Colin Sebastian lowered the firm’s price target on Yelp (YELP) to $37 from $39 and keeps a Neutral rating on the shares. The firm said management continues to execute well as Yelp consolidates share in home services advertising, leveraging a multi-year technology and product focus that is somewhat masked by headwinds in the restaurant and retail verticals.