B. Riley raised the firm’s price target on TripAdvisor to $27 from $25 and keeps a Buy rating on the shares. The analyst is incrementally positive on TripAdvisor post the Q3 report, saying there signs that revenue and margins in core TripAdvisor are holding up better than previously thought. In addition, early signs of leverage are emerging in Viator, and prudent cost control by management is helping balance growth and profitability while investing in key strategic priorities, the analyst tells investors in a research note.
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Read More on TRIP:
- TripAdvisor price target raised to $15 from $14 at Barclays
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