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TRVG

Trivago

$7.31

0.3 (4.28%)

, PCLN

Ticker changed to BKNG

$1,824.16

39.41 (2.21%)

10:03
01/04/18
01/04
10:03
01/04/18
10:03

trivago jumps with Deutsche seeing signs of Booking.com 'inching back'

Shares of trivago (TRVG) are moving higher after Deutsche Bank analyst Lloyd Walmsley reported that Priceline's (PLCN) Booking.com advertisements are back on the trivago site in Germany. Walmsley, in a research note last night to investors, said he sees signs that Booking.com is "inching back to trivago, on the margin." The key advertiser returned to German points of sales on trivago.de after several weeks of essentially being absent from the site, the analyst wrote. Since late December, Walmsley has observed Booking.com ads back on the site in Germany as it continues an elevated level of testing with its ad spend on trivago. He sees the return to more normalized bidding levels in Germany as a positive and continues to view the risk/reward on trivago shares as "compelling." The analyst reiterated a Buy rating on the stock with a $10 price target. trivago in early trading is up 8%, or 57c, to $7.88.

TRVG

Trivago

$7.31

0.3 (4.28%)

PCLN

Ticker changed to BKNG

$1,824.16

39.41 (2.21%)

TRVG Trivago
$7.31

0.3 (4.28%)

10/26/17
10/26/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. GlaxoSmithKline (GSK) downgraded to Neutral from Buy at BofA/Merrill with analyst Graham Parry citing increasing headwinds including 2018 margin pressure and consensus reductions from Advair generic erosion, HIV franchise risk from competition, and dividend uncertainty. 2. Global Eagle (ENT) downgraded to Sell from Neutral at Citi with analyst Jason Bazinet saying Ernst & Young declining to stand for re-appointment increases the chances of an annual filing delay and a potential subsequent delisting by Nasdaq. The analyst cut his price target for the shares to $2 from $3. 3. trivago (TRVG) downgraded to Underperform from Neutral at BofA/Merrill and to Neutral from Buy at Guggenheim. 4. Lear (LEA) downgraded to Neutral from Buy at Guggenheim. 5. L Brands (LB) downgraded to Neutral from Buy at Buckingham with analyst Kelly Halsor saying she believes L Brands' margin recovery is facing headwinds in both brands resulting in incremental pricing investments and promotional activity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/27/17
MSCO
10/27/17
NO CHANGE
MSCO
Morgan Stanley would be buyer of Priceline on weakness in sympathy with Expedia
Morgan Stanley analyst Brian Nowak noted that Expedia's (EXPE) slower room night growth, decision to lean into investments and trivago's (TRVG) challenges are all impacting its profitability. However, he lays out three reasons he would be a buyer of any Priceline weakness that follows Expedia's report: (1) the U.S. makes up only about 10% of Priceline's global room nights, so U.S weather should not have a large impact; (2) Expedia did not call out any macro or online travel penetration challenges and called the overall environment "reasonably solid;" (3) He believes any pullback in ad spend on trivago played an immaterial role in Expedia's room night miss.
11/07/17
SBSH
11/07/17
UPGRADE
Target $9.5
SBSH
Buy
trivago upgraded to Buy from Neutral at Citi
Citi analyst Mark May upgraded trivago (TRVG) to Buy saying the 66% selloff since July has created a favorable risk/reward profile. Priceline's (PCLN) Booking.com recently reverted back to displaying "regional" landing pages on trivago, which suggests a willingness to spend more with trivago in order to acquire higher converting customers, May tells investors in a research note. He now sees a positive bias to trivago estimates and upped his price target for the shares to $9.50 from $9.
12/08/17
DBAB
12/08/17
UPGRADE
Target $10
DBAB
Buy
trivago upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley upgraded trivago to Buy with an unchanged price target of $10. The analyst left the company's analyst day with increased confidence that the worst is likely behind it with regard to bid reductions on the platform. He sees a stabilizing bidding environment from large customers. Stabilizing pricing should drive better revenue, particularly in the second half of 2018, Walmsley tells investors in a research note.
PCLN Ticker changed to BKNG
$1,824.16

39.41 (2.21%)

12/07/17
12/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Underweight from Neutral at Piper Jaffray with analyst Sam Kemp saying given the "messiness" of removing Eat24, investors missed that Yelp lowered organic fourth quarter guidance by 2%. 2. Toll Brothers (TOL) downgraded to Outperform from Strong Buy at Raymond James with analyst Buck Horne saying fiscal 2018 gross margins are more cautious than expected due to New York City headwinds ahead of an upcoming supply wave. 3. Priceline (PCLN) and Expedia (EXPE) were downgraded to Neutral from Buy at MKM Partners. 4. Ctrip.com (CTRP) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao saying the introduced an opt-in option in early October by removing part of the default purchase setting of bundled products. 5. Allergan (AGN) downgraded to Hold from Buy at Argus analyst David Toung saying the company's Botox may face increasing competition from a botulinum toxin-based product being developed by Revance Therapeutics (RVNC) by 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/13/17
COWN
12/13/17
NO CHANGE
Target $2170
COWN
Outperform
Priceline named a best idea for 2018 at Cowen
Cowen analyst Kevin Kopelman believes Priceline (PCLN) is not shifting away from Google (GOOG, GOOGL). The company is largely aligned with the search giant and should continue to benefit from underlying growth in travel and the shift to online and mobile, Kopelman tells investors in a research note. He believes investor perception has Priceline both slowing down and shifting away from Google. The analyst calls Priceline a top idea for 2018 with an Outperform rating and $2,170 price target.
12/18/17
JPMS
12/18/17
NO CHANGE
Target $1375
JPMS
Overweight
JPMorgan calls Facebook, Priceline and Amazon top 2018 Internet picks
JPMorgan analyst Doug Anmuth raised his price target for Amazon.com (AMZN) to $1,375 from $1,220, for Priceline (PCLN) to $2,050 from $1,950 and for Yelp (YELP) to $55 from $52 in conjunction with his 2018 outlook for the Internet sector. The analyst this morning also upgraded Twitter (TWTR) to Overweight from Neutral and raised his price target for the shares to $27 from $20. Anmuth's best Internet ideas for 2018 are Facebook (FB), Priceline and Amazon for large-caps and Twitter and Yelp for smid-caps.
12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
Morgan Stanley calls GrubHub 'clearest winner' in U.S. Internet from tax act
Following the passage of the Tax Cuts and Jobs Act, Morgan Stanley analyst Brian Nowak reviewed the potential impact to the U.S. Internet stocks he covers. He believes that GrubHub (GRUB) is the "clearest winner" in the group from the lowering of the Federal statutory tax rate to 21% from 35% and identifies Priceline (PCLN) and eBay (EBAY) as having the largest stores of overseas cash and the greatest ability to return capital to shareholders with that cash. Nowak has Overweight ratings on GrubHub and Priceline and an Underweight rating on eBay.

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