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Fly News Breaks for May 25, 2017
TRIP
May 25, 2017 | 08:15 EDT
BofA/Merrill analyst Nat Schindler said TripAdvisor management indicated Q2 growth trends would be slower than Street expectations and maintained its 2017 outlook for double digit revenue growth and flat to down year-over-year EBITDA. The analyst believes it is unlikely that TripAdvisor achieves guidance given headwinds from users' ongoing shifts to mobile. Schindler lowered estimates and cut his price target to $35 from $39 and reiterated his Underperform rating.
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