Citi analyst Ronald Josey lowered the firm’s price target on TripAdvisor to $16 from $20 and keeps a Neutral rating on the shares. The firm reduced expectations with the company’s total revenue now expected to increase low-single-digit for the full year as Hotel Meta demand headwinds in July likely continue. That said, Citi continues to look for positive growth trends from Viator and TheFork, the analyst tells investors in a research note.
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