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Fly News Breaks for May 5, 2016
TRIP
May 5, 2016 | 05:57 EDT
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor to $95 after the company's Q1 results missed expectations. "It's not pretty now," but the transition to Instant Book is making progress, Olson tells investors in a post-earnings research note. The analyst continues to believe that Instant Book will drive a higher hotel shopper monetization rate. He reiterates an Overweight rating on TripAdvisor.
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