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Fly News Breaks for April 12, 2019
TRIP
Apr 12, 2019 | 08:58 EDT
SunTrust analyst Naved Khan lowered his price target on TripAdvisor to $60 and kept his Hold rating, reflecting an "incremental impact" from an adverse FX and macro environment even though he still sees double-digit EBITDA growth this year. The analyst also believes that growth in the core Hotel business is likely to remain pressured by the company's advertising cuts in the near term, but he expects TripAdvisor fundamentals to stabilize on better monetization and product enhancements.
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