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Fly News Breaks for August 3, 2018
TRIP
Aug 3, 2018 | 07:44 EDT
Wedbush analyst James Hardiman maintained a Neutral rating and $48 price target on TripAdvisor, saying that the 11% decline in shares on Thursday erased the gains of the last two months, and is further evidence that the company must walk a fine line after reporting its first-ever drop in hotel shoppers, which he calls a "major concern." The company must do a better job of delivering progress toward driving better ROI on its marketing spend and better monetizing the visitors to its site in the quarters to come, Hardiman says.
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