Analyst Upgrades: Yelp Inc, Wendys Co, and Toll Brothers Inc

Analysts are weighing in on online review site Yelp Inc (NYSE:YELP), fast-food joint Wendys Co (NASDAQ:WEN), and homebuilder Toll Brothers Inc (NYSE:TOL). Here's a quick roundup of today's bullish brokerage notes on YELP, WEN, and TOL.

• RBC raised its opinion on YELP to "outperform" from "sector perform," and bumped its price target to $42 from $34, while Citigroup raised its price target by $2 to $30. The shares could use the help, too. At $25.90, they've dropped over 50% year-to-date -- but poised to pop 4.3% at the open, they now have a chance to close above their 100-day moving average for the first time since early June. If Yelp Inc is able to make some headway on the charts, other analysts could change their bearish stances. Currently, 22 of 29 brokerage firms say the equity is a "hold" or worse. 

• WEN was added to Citigroup's "Focus List," and now the stock will look to add to its 6.6% year-to-date lead, settling at $9.63 on Thursday. It's an interesting place for the shares, as they closed a hair above their 100-day trendline yesterday for just the third time since early July. Option traders are betting on a breakout. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Wendys Co's 10-day call/put volume ratio comes in at a top-heavy 10.38. Not only does this mean over 10 calls have been bought to open for each put during the past two weeks, but this ratio also stands higher than three-fourths of all others from the past year. 

• It's been a ho-hum past few months for TOL. The shares have been spinning mostly between $34 and $37 since late August, closing Thursday at $35.56 -- 3.8% higher in 2015. J.P. Morgan Securities hasn't been deterred, though, raising its rating on the stock to "overweight" from "neutral," and upping its price target to $45 from $41.50 -- in 10-year-high territory. Overall, Wall Street is split on Toll Brothers Inc, with six analysts deeming it a "buy" or better, and seven others calling it a "hold" or "strong sell." In another area, bears have been hitting the exits recently. Specifically, short interest on TOL decreased by 14.4% during the two most recent reporting periods, and now sits near multi-year lows.