TripAdvisor price target lowered to $17 from $22 at Barclays

Barclays analyst Mario Lu lowered the firm’s price target on TripAdvisor to $17 from $22 and keeps an Underweight rating on the shares. Barclays Card online lodging year-over-year spending trends peaked in January and worsened throughout Q1, the analyst tells investors in a research note. Furthermore, the trends continued into the first week of April, says the firm. It remains cautious on the online travel space in the near term and recommends waiting for estimates to come down post prints before re-evaluating.