BMO Capital raised the firm’s price target on TripAdvisor to $23 from $20 but keeps a Market Perform rating on the shares after its Q4 earnings beat. A step down in Viator growth rates in 2024 is expected, given difficult comps, primarily in the first half of the year, the analyst tells investors in a research note. The headwinds within Branded Hotels also continue despite Q4 coming in slightly ahead, BMO added.
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