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Fly News Breaks for February 11, 2016
TRIP
Feb 11, 2016 | 12:47 EDT
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor to $105 calling the company's guidance mixed. TripAdvisor discontinued full year guidance, but gave comments that indicate Instant Book should drive accelerating revenue growth in second half of 2016 and 2017, Olson tells investors in a post-earnings research note. He reiterates an Overweight rating on the name.
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