Trivago price target lowered to $3.50 from $4 at Mizuho

Mizuho lowered the firm’s price target on Trivago to $3.50 from $4 and keeps a Buy rating on the shares. The company delivered soft results due to the transition to brand marketing performance channels, the analyst tells investors in a research note. The firm says that while the change could be a headwind for revenue growth, it should drive higher user retention and sustainable revenue growth over time.