Amazon, SanDisk May See Benefits Ahead; Yelp Rating Cut

In Monday’s Analysts' Actions, TheStreet highlights positive comments on Amazon (AMZN) and SanDisk (SNDK), along with a downgrade on shares of Yelp (YELP). Analysts at Cowen upgraded Amazon to OUTPERFORM from MARKET PERFORM with a higher price target of $565 from $435. The firm believes the ecommerce giant could be the number one U.S. clothing store by 2017. Analysts at Nomura Securities raised their rating on SanDisk to NEUTRAL from REDUCE while maintaining a $50 price target. The firm thinks the chip maker may benefit from external factors. And, analysts at Barclays lowered their rating on the online review site Yelp to EQUAL WEIGHT from OVERWEIGHT. The firm also cut its price target to $36 from $50, saying local competition will hurt growth. TheStreet's Kurumi Fukushima reports in New York.