TripAdvisor price target raised to $31 from $25 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on TripAdvisor to $31 from $25 and keeps a Buy rating on the shares. The company’s Q4 results were solidly ahead of consensus expectations on the topline and adjusted EBITDA, though the stock price performance in the coming weeks is still expected to be less dependent on TripAdvisor’s business fundamentals until there is greater clarity on the possibility of a takeout, the analyst tells investors in a research note.