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Fly News Breaks for October 14, 2015
EXPE, PCLN, TRIP
Oct 14, 2015 | 13:18 EDT
Piper Jaffray analyst Michael Olson views TripAdvisor's (TRIP) Instant Book partnership with Priceline (PCLN) as significant and reiterates an Overweight rating on the name with a $90 price target. The stock is up $16.23 to $82.92 in afternoon trading. The pact puts increasing pressure on Expedia (EXPE) to join TripAdvisor's platform, Olson tells investors in a research note. Further, the Instant Book inventory increase should drive further usage and improve conversion, the analyst contends.
News For TRIP;PCLN;EXPE From the Last 2 Days
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