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Analyst Moves: YELP, INTC, QCOM

This morning, UBS downgraded shares of Yelp (YELP) from buy to neutral citing valuation. The stock is approaching the firm’s $40 price target, reducing the risk/reward profile for investors. On the news, shares of Yelp were lower by 2.1%.

UBS also reduced its ESP estimates on shares of Intel (INTC) through 2014 on the expectation that the company may have to reduce its near-term guidance. In the report, UBS maintained its neutral rating and its price target of $22.50. Shares of Intel were flat on Monday, trading just below $24 per share.

And Lazard Capital Markets downgraded shares of Qualcomm from buy to neutral as the company is losing its dominance in smartphone solutions. Shares of Qualcomm were lower today, slipping 1.4%.

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