TripAdvisor price target raised to $21 from $18 at Citi

Citi analyst Ronald Josey raised the firm’s price target on TripAdvisor to $21 from $18 and keeps a Neutral rating on the shares. The firm updated its model post the Q3 results. TripAdvisor’s revenue and EBITDA came in above consensus, led by TripAdvisor Core and Viator-trends, which can continue, the analyst tells investors in a research note. Citi says that while TripAdvisor Core remains in turnaround mode across its core business as Viator and Fork prove out continued demand and profitability, it emerged incrementally positive on the shares. It cites improving visibility and profitability for the target raise.