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Fly News Breaks for January 28, 2016
TRIP
Jan 28, 2016 | 06:32 EDT
Raymond James downgraded TripAdvisor to Underperform given the combination of a more challenging macro environment and model shift. The firm's analyst believes many top sites are struggling to drive transaction revenue and believes TripAdvisor will need to spend more on marketing to accelerate Instant Book usage.
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