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Fly News Breaks for September 4, 2019
TRIP
Sep 4, 2019 | 05:35 EDT
UBS analyst Eric Sheridan upgraded TripAdvisor to Neutral from Sell while lowering his price target for the shares to $40 from $44. Following the underperformance over the past six months, the shares have a more balanced risk/reward at current levels, Sheridan tells investors in a research note. The analyst, however, says a lack visibility into the "exit velocity of revenue growth" and management commentary on forward margin structure prevents a more constructive stance on TripAdvisor shares.
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