B. Riley analyst Naved Khan lowered the firm’s price target on Trivago to $1.40 from $2 and keeps a Neutral rating on the shares. The company reported weak Q3 results, largely reflecting the adverse impact of lower monetization as well as headwinds from Google ad format changes, the analyst tells investors in a research note. The firm remains on the sidelines citing a lack of visibility and near-term catalysts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TRVG:
- Trivago price target lowered to $1.50 from $2 at Mizuho
- Trivago announces ex-dividend date, updates effective date for ratio change
- trivago Announces Ex-Dividend Date for Extraordinary Dividend and Updates Effective Date for the Ratio Change under its American Depositary Share Program
- trivago Announces Ratio Change under its American Depositary Share Program
- Trivago announces ratio change under American Depositary Share program
