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EXPE

Expedia

$149.94

1.85 (1.25%)

, TRIP

TripAdvisor

$43.32

1.98 (4.79%)

10:25
08/25/17
08/25
10:25
08/25/17
10:25

Jefferies says buy Expedia, sell TripAdvisor amid transition

Research firm Jefferies upgraded online travel agency Expedia (EXPE) to Buy from Hold, predicting that the company's revenue will increase at least 10% annually for the next two years. However, the analyst downgraded TripAdvisor (TRIP) to Underperform, its equivalent of a sell rating, from Hold. The firm believes that the stock will only rise by a limited amount, while Expedia and Priceline (PCLN) present better opportunities for investors. EXPEDIA: Both Expedia and Priceline can do well in the online travel space, wrote Jefferies analyst Brent Thill. Expedia's revenue should grow by at least 10% in each of the next two years, and its margins should gradually improve "as it expands into new fragmented markets" and implements operational improvements, Thill wrote. Expedia's 2017 results should be boosted by improved business and consumer confidence, which should spur favorable travel trends, the analyst stated. Thill raised his price target on the stock to $180 from $140. TRIPADVISOR: The company continues to be focused on its transition to accepting bookings, but the turnaround won't be complete for a year, Thill stated. The "vast majority" of the benefits from the transition will only begin to materialize in 2018, he added. Additionally, Thill believes that the company is facing tough competition from Trivago (TRVG) and the online travel agencies. These competitors are spending a great deal on marketing, and TripAdvisor's own ad campaign will pressure its margins in the second half of this year and well into 2018, Thill warned. Also, the increased percentage of users who visit TripAdvisor's websites on mobile devices is pressuring the company's revenue, said Thill, who slashed his price target on the shares to $35 from $54. PRICE ACTION: In morning trading, Expedia lost 0.2% to $150, while TripAdvisor fell 3.7% to $41.72 per share.

EXPE

Expedia

$149.94

1.85 (1.25%)

TRIP

TripAdvisor

$43.32

1.98 (4.79%)

PCLN

Priceline

$1,815.51

2.49 (0.14%)

TRVG

trivago

$15.26

-0.19 (-1.23%)

  • 05

    Sep

  • 05

    Sep

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    Sep

EXPE Expedia
$149.94

1.85 (1.25%)

07/28/17
PIPR
07/28/17
NO CHANGE
Target $173
PIPR
Overweight
Expedia price target raised to $173 from $158 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Expedia shares to $173 saying Q2 was strong amid accelerating room night growth. The analyst reiterates an Overweight rating on the name.
08/02/17
JMPS
08/02/17
NO CHANGE
JMPS
Expedia price target raised to $179 from $155 at JMP Securities
JMP Securities analyst Ronald Josey raised his price target on Expedia after the company reported stronger than expected Q2 revenue and EBITDA. Josey says that the company "is executing very well," and he recommends buying the stock on weakness.
08/15/17
RHCO
08/15/17
INITIATION
Target $190
RHCO
Buy
Expedia initiated with a Buy at SunTrust
SunTrust analyst Youssef Squali started Expedia with a Buy rating and $190 price target.
08/24/17
JEFF
08/24/17
UPGRADE
Target $180
JEFF
Buy
Expedia upgraded to Buy from Hold at Jefferies
Price target raised to $180 from $140.
TRIP TripAdvisor
$43.32

1.98 (4.79%)

08/09/17
PIPR
08/09/17
NO CHANGE
Target $43
PIPR
Neutral
TripAdvisor price target lowered to $43 from $49 at Piper Jaffray
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor to $43 saying the company's revenue per hotel shopper in Q2 was down 2% year-over-year while click-based and transaction revenue was 1% below consensus. He notes the company also lowered its revenue outlook for FY17. The analyst keeps a Neutral rating on the shares.
08/09/17
BOFA
08/09/17
NO CHANGE
Target $30
BOFA
Underperform
TripAdvisor price target lowered to $30 from $35 at BofA/Merrill
BofA/Merrill analyst Nat Schindler lowered TripAdvisor's price target to $30 from $35 and reiterated and Underperform rating following the Q2 beat and disappointing guidance. TripAdvisor guided to mid-to-high single digit revenue growth, versus double-digit growth prior, the analyst reported to clients. Shindler said TripAdvisor's major problem remains the traffic shift from high-monetization desktop to low-monetization mobile.
08/15/17
RHCO
08/15/17
INITIATION
Target $44
RHCO
Hold
TripAdvisor initiated with a Hold at SunTrust
SunTrust analyst Youssef Squali started TripAdvisor with a Hold rating and $44 price target.
08/24/17
JEFF
08/24/17
DOWNGRADE
JEFF
Underperform
TripAdvisor downgraded to Underperform from Hold at Jefferies
Price target lowered to $35 from $54.
PCLN Priceline
$1,815.51

2.49 (0.14%)

08/11/17
MKMP
08/11/17
NO CHANGE
MKMP
Priceline weakness creates buying opportunity, says MKM Partners
MKM Partners analyst Rob Sanderson says that Priceline reported "strong" earnings, He notes that the company's "key volume metrics" came in below expectations, but says that the company's "end markets remain healthy," while its "position remains best-in-class." He raised his price target on the shares to $2,225 from $2,050 and thinks that the weakness in the stock has created a buying opportunity.
08/15/17
RHCO
08/15/17
INITIATION
Target $2200
RHCO
Buy
Priceline initiated with a Buy at SunTrust
SunTrust analyst Youssef Squali started Priceline with a Buy rating and $2,220 price target.
08/16/17
08/16/17
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), GoDaddy (GDDY), Wix.com (WIX), Alibaba (BABA), Amazon.com (AMZN), and Priceline (PCLN) were initiated with a Buy at SunTrust, while Snap (SNAP) was initiated with a Sell, and Twitter (TWTR) and eBay (EBAY) were initiated with a Hold. 2. HD Supply (HDS) reinstated with a Neutral at Goldman Sachs. 3. Shiloh Industries (SHLO) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/17/17
TIGR
08/17/17
NO CHANGE
TIGR
Strong Buy
Priceline recent pullback a buying opportunity, says Tigress Financial
Tigress Financial analyst Ivan Feinseth recommends using the recent pullback in shares of Priceline as a buying opportunity. The analyst believes "significant upside" potential exists and keeps a Strong Buy rating on the shares.
TRVG trivago
$15.26

-0.19 (-1.23%)

05/16/17
MSCO
05/16/17
NO CHANGE
Target $25
MSCO
Overweight
trivago price target raised to $25 following Q1 beat at Morgan Stanley
Morgan Stanley analyst Brian Nowak said trivago's Q1 best indicates strong business momentum, monetization opportunity and strategic positioning. The analyst expects continued growth in revenue per referral, but at a moderating pace, while improving optimization and monetization. The analyst rates trivago an Overweight.
07/12/17
WELS
07/12/17
INITIATION
WELS
Market Perform
trivago initiated with a Market Perform at Wells Fargo
Wells Fargo is upbeat on Trivago's (TRVG) execution and business model. But it is cautious on the stock due to what its says is the stock's above peer valuation and increasing competition from TripAdvisor (TRIP).
07/12/17
07/12/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Marathon Oil (MRO) initiated with an Equal Weight at Stephens. 2. General Dynamics (GD) initiated with a Buy at Berenberg. 3. Brookfield Renewable (BEP) initiated with a Buy at TD Securities. 4. trivago (TRVG) initiated with a Market Perform at Wells Fargo. 5. Shopify (SHOP) initiated with a Hold at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/17
JPMS
08/07/17
NO CHANGE
Target $23
JPMS
Overweight
trivago earnings selloff a buying opportunity, says JPMorgan
JPMorgan analyst Doug Anmuth recommends using Friday's 19% post-earnings selloff in shares of trivago as a buying opportunity. The analyst sees no structural changes to trivago's platform and views the share pullback as overdone. He reiterates an Overweight rating on the name with a $23 price target.

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