TripAdvisor price target lowered to $22 from $27 at Citi

Citi analyst Ronald Josey lowered the firm’s price target on TripAdvisor to $22 from $27 and keeps a Neutral rating on the shares post the Q3 results. Visitor demand and the company’s financial profile improved but EBITDA margins are expected to compress in Q4, Josey tells investors in a research note.