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TRIP

TripAdvisor

$40.72

0.84 (2.11%)

06:40
02/15/18
02/15
06:40
02/15/18
06:40

TripAdvisor core business is declining, valuation looks rich, says Jefferies

In a post-earnings research note titled "Stay Clear of This Trip," Jefferies analyst Brent Thill says TripAdvisor last night reported a mixed quarter with revenue and adjusted EBITDA above consensus and operating earnings short of expectations on higher taxes. The analyst sees "much better alternatives" among the online travel agencies with TripAdvisor's core business declining and its stock trading at 15 times 2018 EBITDA estimates. Thill says the valuation "looks rich" and keeps an Underperform rating on TripAdvisor with a $27 price target.

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TRIP TripAdvisor
$40.72

0.84 (2.11%)

11/27/17
COWN
11/27/17
NO CHANGE
Target $40
COWN
Market Perform
TripAdvisor price target raised to $40 from $30 at Cowen
Cowen analyst Kevin Kopelman raised his price target on TripAdvisor to $40 from $30. He views the most plausible upside case for the shares as the shutdown of meta ads and switching to white label OTA. He said while risky, a switch to the OTA model could drive large profit upside by consolidating the value of the TripAdvisor ecosystem and its cost savings. Kopleman maintained his Market Perform rating on TripAdvisor shares.
12/06/17
MACQ
12/06/17
NO CHANGE
MACQ
Priceline unlikely to buy TripAdvisor, says Macquarie
Macquarie analyst Matthew Brooks commented on recent speculation and said Priceline (PCLN) is unlikely to buy TripAdvisor (TRIP). Brooks said TripAdvisor's bargaining power over suppliers would be lost if Priceline bought the company, Priceline has 137M reviews and the benefit of adding 570M from TripAdvisor is uncertain, a high proportion of TripAdvisor traffic is research, not purchase, and Google (GOOGL) is TripAdvisor's main competitor, making it difficult to improve earnings power under Priceline.
01/02/18
BOFA
01/02/18
NO CHANGE
BOFA
BofA/Merrill's Top 10 US Ideas for Q1 2018
BofA/Merrill named its Top 10 Ideas for Q1 2018. They are Buy rated AMD (AMD), Disney (DIS), Exact Sciences (EXAS), Exelon (EXC), lululemon (LULU), PayPal (PYPL), United Rentals (URI), and Walmart (WMT), and Underperform rated L Brands (LB) and TripAdvisor (TRIP).
01/05/18
SBSH
01/05/18
NO CHANGE
Target $1400
SBSH
Buy
Citi names Amazon top Internet pick for 2018, ups target to $1,400
Citi analyst Mark May remains bullish on the consumer Internet sector, especially over the near term. The analyst believes a "positive, tax reform fueled, business climate" should benefit the end-markets of the companies in the space. After outperformance in 2017, however, he recommends being more selective in 2018. Amazon.com (AMZN) moves up a spot to become his top-ranked pick for 2018. May sees the combination of greater than 30% sales growth, margin expansion and the current valuation as a "compelling mix." He raised his price target for Amazon shares to $1,400 from $1,250. May's most- to least-favored stocks under coverage, in order, are: Amazon, Expedia (EXPE), Facebook (FB), Priceline (PCLN), Alphabet (GOOGL), eBay (EBAY), Yelp (YELP), Twitter (TWTR), TripAdvisor (TRIP), Netflix (NFLX), GrubHub (GRUB), GoDaddy (GDDY), Despegar.com (DESP), trivago (TRVG), LendingClub (LC), Wayfair (W), Snap (SNAP), Zillow (ZG), Blue Apron (APRN) and Roku (ROKU), which he downgraded this morning to Sell.

TODAY'S FREE FLY STORIES

TXRH

Texas Roadhouse

$60.73

0.54 (0.90%)

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Texas Roadhouse initiated  »

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AXU

Alexco Resource

$1.00

0.0374 (3.89%)

06:23
04/26/19
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06:23
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Conference/Events
Alexco Resource management to meet with Roth Capital »

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VFC

VF Corp.

$94.00

-0.72 (-0.76%)

06:23
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EAT

Brinker

$43.74

0.11 (0.25%)

06:23
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BRK.A

Berkshire Hathaway

$318,260.00

2285 (0.72%)

, BRK.B

Berkshire Hathaway

$212.07

1.54 (0.73%)

06:22
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04/26
06:22
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06:22
Periodicals
Buffett says Berkshire Hathaway could buy back up to $100B, FT reports »

Warren Buffett says…

BRK.A

Berkshire Hathaway

$318,260.00

2285 (0.72%)

BRK.B

Berkshire Hathaway

$212.07

1.54 (0.73%)

03/08/13
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DRI

Darden

$119.14

1.22 (1.03%)

06:22
04/26/19
04/26
06:22
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06:22
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Darden initiated  »

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CAKE

Cheesecake Factory

$49.28

0.29 (0.59%)

06:22
04/26/19
04/26
06:22
04/26/19
06:22
Initiation
Cheesecake Factory initiated  »

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PKG

Packaging Corp.

$97.96

-0.9 (-0.91%)

06:21
04/26/19
04/26
06:21
04/26/19
06:21
Downgrade
Packaging Corp. rating change at Stephens »

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VFC

VF Corp.

$94.00

-0.72 (-0.76%)

06:20
04/26/19
04/26
06:20
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06:20
Hot Stocks
VF Corp. provides initial 2020-2021 outlook for Kontoor Brands »

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NESR

National Energy Services

$10.65

-0.07 (-0.65%)

06:20
04/26/19
04/26
06:20
04/26/19
06:20
Conference/Events
National Energy Services management to meet with Maxim »

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UBS

UBS

06:20
04/26/19
04/26
06:20
04/26/19
06:20
Downgrade
UBS rating change  »

UBS downgraded to Hold…

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  • 20

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ESPR

Esperion

$43.02

1.14 (2.72%)

06:19
04/26/19
04/26
06:19
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06:19
Upgrade
Esperion rating change at Goldman Sachs »

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  • 06

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VFC

VF Corp.

$94.00

-0.72 (-0.76%)

06:19
04/26/19
04/26
06:19
04/26/19
06:19
Earnings
VF Corp. sees Kontoor Brands FY19 revenue exceeding $2.5B »

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PBR

Petrobras

$15.47

0.13 (0.85%)

06:17
04/26/19
04/26
06:17
04/26/19
06:17
Hot Stocks
Petrobras executes three agreements for sale of assets totaling $10.3B »

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FB

Facebook

$193.23

10.59 (5.80%)

06:17
04/26/19
04/26
06:17
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06:17
Periodicals
FTC officials mull constraints for Facebook's business practices, NY Times says »

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WDC

Western Digital

06:17
04/26/19
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06:17
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06:17
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Western Digital rating change at Baird »

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  • 29

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IRM

Iron Mountain

$32.67

-3.17 (-8.84%)

06:17
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06:17
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Iron Mountain rating change  »

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GLNCY

Glencore

$0.00

(0.00%)

06:17
04/26/19
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06:17
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06:17
Conference/Events
Glencore management to meet with Jefferies »

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CAE

CAE

$23.23

0.205 (0.89%)

06:16
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06:16
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06:16
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CAE rating change at National Bank »

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BOLD

Audentes Therapeutics

$40.22

-0.32 (-0.79%)

06:16
04/26/19
04/26
06:16
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06:16
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Audentes Therapeutics rating change  »

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  • 13

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MDCO

The Medicines Co.

$29.84

0.37 (1.26%)

06:15
04/26/19
04/26
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06:15
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The Medicines Co. rating change at Goldman Sachs »

Goldman Sachs sees 90%…

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  • 06

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RACE

Ferrari

$135.57

-0.91 (-0.67%)

06:15
04/26/19
04/26
06:15
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06:15
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Ferrari rating change  »

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  • 07

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QRVO

Qorvo

$77.33

0.09 (0.12%)

06:14
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06:14
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06:14
Downgrade
Qorvo rating change  »

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  • 07

    May

AUY

Yamana Gold

$2.20

-0.015 (-0.68%)

06:14
04/26/19
04/26
06:14
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06:14
Downgrade
Yamana Gold rating change  »

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  • 02

    May

AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

06:14
04/26/19
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Periodicals
Amazon is preparing hi-definition music streaming service, MBW says »

Soon after Amazon…

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