DA Davidson lowered the firm’s price target on TripAdvisor to $16 from $20 and keeps a Neutral rating on the shares. The firm is adjusting its estimates after the company’s Q2 results, cutting its FY24 EBITDA view to $317M from $339M and its FY25 view to $361M from $401M, amid softer demand trends in the core Brand Tripadvisor segment and increased normalization of demand at Viator, the analyst tells investors in a research note.
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