BMO Capital lowered the firm’s price target on TripAdvisor to $17 from $20 and keeps a Market Perform rating on the shares after its Q2 results and guidance. Metasearch growth deteriorated more than expected due to macro and price normalization, while the Viator outlook continues to worsen due to macro conditions, execution headwinds, and the potential for competitive pressures, the analyst tells investors in a research note.
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