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Fly News Breaks for April 3, 2018
TRIP
Apr 3, 2018 | 17:31 EDT
As reported earlier, Wedbush analyst James Hardiman initiated TripAdvisor with a Neutral rating and a price target of $42. Hardiman says he awaits the signs of stabilizing hotel operations and growing non-hotel business returning the company's EBITDA to growth. While Q4 was a positive sign, the analyst adds that he prefers to remain neutral after "enough yellow flag" in 2017 and given the lackluster margin trends.
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