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Fly News Breaks for July 21, 2015
TRIP
Jul 21, 2015 | 08:34 EDT
Oppenheimer is upbeat on the 2H15 outlook for online travel, due partly to what it says are higher inventories, improving site traffic, and a solid industry backdrop. The firm says that TripAdvisor's site traffic is accelerating, while its mobile conversions appear to be improving. Consequently, the firm is more confident that the company's hotel inventory is selling well. Oppenheimer introduced a $105 price target on TripAdvisor and reiterated an Outperform rating on the name.
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