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Fly News Breaks for May 17, 2018
TRIP
May 17, 2018 | 08:48 EDT
SunTrust analyst Naved Khan raised his price target on TripAdvisor to $45 and kept his Hold rating, saying the company is making good progress on monetization for mobile customers even though the "rapid" mix-shift to mobile/desktop RPS weakness is a near-term headwind for the hotel segment. Khan adds that while the performance of the non-hotel segment is a "bright spot", its margin gains and growth prospects are already reflected in the valuation.
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