TripAdvisor price target raised to $25 from $18 at TD Cowen

TD Cowen raised the firm’s price target on TripAdvisor to $25 from $18 and keeps a Market Perform rating on the shares. The firm noted Greg Maffei’s LTRP, which owns 21% of TRIP, is “evaluating potential alternatives” for the two companies including a potential sale of both companies for cash and so its sum-of-the -parts target has been raised to reflect a possible deal.