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Fly News Breaks for June 6, 2016
TRIP
Jun 6, 2016 | 06:03 EDT
After spending time with management, Piper Jaffray analyst Michael Olson reiterates an Overweight rating on TripAdvisor with a $95 price target. The roll-out of Instant Book, following the transition in the first half of 2016, should drive improving revenue and margin in the second half of the year and 2017, Olson tells investors in a research note. The analyst continues to believe that Instant Book will lead to a higher hotel shopper monetization rate.
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