Yelp price target lowered to $33 from $38 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Yelp (YELP) to $33 from $38 and keeps a Neutral rating on the shares as part of a broader research note previewing Q3 results in Digital Advertising names. The firm notes that its visibility into the company’s core Restaurant, Retail & Other segment reaccelerating remains low, though it also expects Yelp’s absolute levels of expenses to remain fairly modest, the analyst tells investors in a research note.