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Fly News Breaks for April 4, 2018
TRIP
Apr 4, 2018 | 06:08 EDT
DA Davidson analyst Tom White initiated TripAdvisor with a Neutral rating and a price target of $46. White states that TripAdvisor is in a unique position with a "sustainable competitive differentiation" given its ecosystem of 600M user reviews and 7.5M supplier listings, but also points to the "challenging monetization" environment and unclear timeline for any improvement. Given the limited visibility and a "healthy" valuation of 16.2-times expected FY18 enterprise value to EBITDA, White takes a Neutral stance on TripAdvisor.