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Fly News Breaks for May 5, 2015
TRIP
May 5, 2015 | 07:09 EDT
As noted earlier, RBC Capital downgraded TripAdvisor (TRIP) to Sector Perform from Outperform. As reasons for the downgrade, the firm cited its preference for Priceline (PCLN) and Expedia (EXPE), heightened risk due to TripAdvisor's revenue concentration, greater concern over its display ad business, and less compelling valuation than previously. Target $91.
News For TRIP From the Last 2 Days
