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Fly News Breaks for June 24, 2016
TRIP
Jun 24, 2016 | 07:20 EDT
Piper Jaffray analyst Michael Olson reports that the firm's survey of 1,500 online travel consumers showed that TripAdvisor is gaining influence in both hotel research and hotel reservations, which he reads as a positive sign that the company's Instant Book platform is becoming increasingly useful to hotel shoppers and beginning to change consumer behavior. The firm keeps an Overweight rating and $95 price target on TripAdvisor shares.
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