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Fly News Breaks for June 3, 2015
PCLN, EXPE, TRIP
Jun 3, 2015 | 05:43 EDT
Barclays started shares of TripAdvisor (TRIP) with an Underweight rating and $68 price target. The firm believes the spending associated with driving adoption of Instant Book coupled with pressure on margins will limit share upside in the near term. It views Expedia (EXPE) as the stock to own in the space, and sees limited upside potential in Priceline (PCLN). Barclays initiated the former this morning with an Overweight rating and the latter with an Equal Weight rating.
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