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Fly News Breaks for June 19, 2017
EXPE, PCLN, TRIP
Jun 19, 2017 | 06:50 EDT
Credit Suisse analyst Paul Bieber downgraded TripAdvisor (TRIP) to Underperform from Neutral citing raised expectations for TV ad spending in 2018 paired with uncertainty regarding the return on TV advertising investment given the crowded ad market for online travel. Also, the stock has a premium valuation despite inferior growth compared to Priceline (PCLN) and Expedia (EXPE), said Bieber, who lowered his price target on TripAdvisor to $34 from $40.
News For TRIP;PCLN;EXPE From the Last 2 Days
TRIP
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