Amazon Gets $700 Price Target; Twitter, Yelp Down After Earnings

In Wednesday’s Analysts' Actions, Wall Street firms weigh in on Amazon (AMZN), Twitter (TWTR), and Yelp (YELP). Analysts at Stifel Nicolaus are turning bullish on Amazon, upgrading the stock to BUY from HOLD with a $700 price target saying it emerged from its investment cycle as a 'bigger, stronger, faster' company. Stifel analysts called its latest earnings 'game-changing.' Analysts at Deutsche Bank lowered their price target to $50 from $60 on shares of Twitter, following its earnings release and disappointing user growth numbers. The firm maintained its BUY rating on the micro-blogging site. And Brean Capital analysts lowered their price target on shares of Yelp to $40 from $58. The firm kept BUY rating. Brean pointed to the online review site's 'increasing number of challenges' but still sees value with takeover potential. TheStreet's Kurumi Fukushima reports in New York.