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Fly News Breaks for May 21, 2019
TRIP
May 21, 2019 | 08:00 EDT
Guggenheim analyst Jake Fuller upgraded TripAdvisor (TRIP) to Neutral from Sell citing both valuation after the stock moved below his prior price target of $48 and the lapping of its key OTA customers tilting focus from growth to margin in late 2017. However, uncertainty around Q2 and a longer-term view that it will be tough to compete against Google's (GOOGL) evolving travel offerings holds him back from a Buy rating, Fuller tells investors.
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