KeyBanc Capital Markets Downgrades Yelp to ‘Sector-Weight’
Yelp (YELP) may be adding new advertisers and growing its advertising revenues, as demonstrated by its latest quarterly results. Wall Street firm KeyBanc Capital Markets recently downgraded its rating on Yelp stock, citing weakening customer engagement. In a note to clients cited by MarketWatch, KeyBanc mentioned a lack of commitment by new advertisers to remain on Yelp’s platform.