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Fly News Breaks for August 9, 2017
TRIP
Aug 9, 2017 | 05:50 EDT
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor to $43 saying the company's revenue per hotel shopper in Q2 was down 2% year-over-year while click-based and transaction revenue was 1% below consensus. He notes the company also lowered its revenue outlook for FY17. The analyst keeps a Neutral rating on the shares.
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TRIP
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