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Fly News Breaks for February 18, 2020
TRIP
Feb 18, 2020 | 09:44 EDT
DA Davidson analyst Tom White lowered his price target on TripAdvisor to $36 after its Q4 results, saying its revenue declined 6% with continued hotel auction headwinds even as the company lapped the bulk of marketing optimizations. The analyst still keeps his Buy rating on the stock and believes that TripAdvisor is making tangible progress towards improving its revenue quality and resilience by diversifying away from hotel auction revenues. White adds that this "evolution will take time", but it is "solidly underway".
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