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Fly News Breaks for January 27, 2016
TRIP
Jan 27, 2016 | 06:04 EDT
Goldman Sachs analyst Heath Terry downgraded TripAdvisor to Sell saying the environment for online travel agents is becoming less favorable amid high occupancy and rising competition from alternative accommodation providers. Terry believes TripAdvisor's "premium valuation" is at risk given the company's slowing growth. He cut his price target for the shares to $59 from $68. Terry believes, however, that as a traffic asset, TripAdvisor could be an attractive takeover target to larger online travel agents.
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