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Fly News Breaks for November 9, 2016
TRIP
Nov 9, 2016 | 06:06 EDT
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor shares to $70 after the company reported Q3 results below consensus. The roll-out of Instant Book "has clearly not been seamless," but its trajectory is improving, Olson tells investors in a post-earnings research note. The analyst continues to believe Instant Book will lead to higher hotel shopper monetization. He keeps an Overweight rating on the shares.
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