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TRIP

TripAdvisor

$40.39

-2.32 (-5.43%)

, EXPE

Expedia

$128.09

-0.83 (-0.64%)

07:41
08/13/19
08/13
07:41
08/13/19
07:41

Jefferies sees more downside in TripAdvisor shares, cuts target to $36

Despite a 25% decline year-to-date, shares of TripAdvisor (TRIP) still trade at a premium to "better positioned" Expedia (EXPE), while its transition continues to pressure revenue growth, Jefferies analyst Brent Thill tells investors in a research note titled "Still Not Ready to Book This Trip." The analyst acknowledges that TripAdvisor may return to growth in Q4 and fiscal 2020, but he believes it will take a few years before the company can successfully scale an Experiences business with "OTA-like" profit margins. There is still downside to TripAdvisor shares, says Thill, who cut his price target for the stock to $36 from $43 and keeps an Underperform rating on the name.

TRIP

TripAdvisor

$40.39

-2.32 (-5.43%)

EXPE

Expedia

$128.09

-0.83 (-0.64%)

TRIP TripAdvisor
$40.39

-2.32 (-5.43%)

06/27/19
DADA
06/27/19
UPGRADE
Target $55
DADA
Buy
TripAdvisor upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Tom White upgraded TripAdvisor to Buy from Neutral and maintained a $55 price target. In a research note to investors, White says TripAdvisor's business has been getting steadily healthier over the last several quarters as new products improve revenue quality by diversifying its customer base, adding that these trends, along with stability in TripAdvisor's core hotel CPC auction and valuation multiples 20%+ below historical averages reduces its risk profile and creates a compelling entry point.
06/27/19
06/27/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Owens Corning (OC) upgraded to Buy from Neutral at BofA/Merrill and to Neutral from Sell at Seaport Global. 2. Grifols (GRFS) upgraded to Overweight from Neutral at JPMorgan with analyst James Gordon saying sales growth and margin expansion will drive a re-rating in the shares. 3. Arch Capital (ACGL) upgraded to Buy from Hold at Deutsche Bank with analyst Joshua Shanker saying his increased 2020 EPS estimate of $3.00 represents the high on the Street. 4. KB Home (KBH) upgraded to Buy from Neutral at Buckingham and to Overweight from Sector Weight at KeyBanc. 5. TripAdvisor (TRIP) upgraded to Buy from Neutral at DA Davidson with analyst Tom White saying TripAdvisor's business has been getting steadily healthier over the last several quarters as new products improve revenue quality by diversifying its customer base, adding that these trends, along with stability in TripAdvisor's core hotel CPC auction and valuation multiples 20%+ below historical averages reduces its risk profile and creates a compelling entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/19
STPT
07/16/19
INITIATION
Target $60
STPT
Buy
TripAdvisor initiated with a Buy at Standpoint Research
Standpoint Research analyst Ronnie Moas initiated TripAdvisor with a Buy rating and $60 price target.
07/29/19
VERF
07/29/19
DOWNGRADE
VERF
Negative
TripAdvisor downgraded to Negative from Mixed at Vertical Group
EXPE Expedia
$128.09

-0.83 (-0.64%)

07/26/19
RBCM
07/26/19
NO CHANGE
Target $177
RBCM
Outperform
Expedia price target raised to $177 from $169 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Expedia to $177 and kept his Outperform rating after its Q2 results, saying the Bookings, Revenue, EBITDA an Room Nights growth all topped expectations. The analyst notes that while the Vrbo Bookings growth rate has slowed amid brand and platform changes, he still sees Expedia potentially accelerating its EBITDA as the company signals "subsiding" softness in its U.K. market following the Brexit decision delay.
07/31/19
ARGS
07/31/19
UPGRADE
ARGS
Buy
Expedia upgraded to Buy from Hold at Argus
07/31/19
ARGS
07/31/19
UPGRADE
Target $160
ARGS
Buy
Expedia upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Expedia to Buy with a price target of $160 after its Q2 earnings beat, saying the trend of online travel bookings should continue to benefit the company's Expedia.com, Hotels.com, Orbitz, and Vrbo brands. The analyst also raises his FY19 and FY20 EPS view by 30c and $1.05 to $7.10 and $8.95 respectively, adding that the stock's earnings multiple of 19.0-times remains near the low end of its five-year historical range of 17- to 36-times.
07/31/19
07/31/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. BP (BP) upgraded to Buy from Hold at Jefferies with analyst Jason Gammel saying he sees multiple near-term catalysts for the shares, including a dividend raise and share buybacks. 2. U.S. Bancorp (USB) upgraded to Neutral from Underweight at JPMorgan with analyst Vivek Juneja saying better growth in some fee revenues should partly offset the company's net interest margin pressure. 3. National Oilwell (NOV) upgraded to Buy from Neutral at Citi and to Neutral from Sell at Seaport Global. 4. Electronic Arts (EA) upgraded to Outperform from Market Perform at Cowen with analyst Douglas Creutz citing its 20% discount valuation to peers, strong Q1 results, readings from its Ordometer on its new Star Wars game, and upbeat management commentary. 5. Expedia (EXPE) upgraded to Buy from Hold at Argus with analyst John Staszak saying the trend of online travel bookings should continue to benefit the company's Expedia.com, Hotels.com, Orbitz, and Vrbo brands. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GOOG

Alphabet

$1,201.56

24.62 (2.09%)

, GOOGL

Alphabet Class A

$1,203.66

24.97 (2.12%)

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$1,201.56

24.62 (2.09%)

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Alphabet Class A

$1,203.66

24.97 (2.12%)

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TRP

TC Pipeline

$48.70

0.3 (0.62%)

, SRE

Sempra Energy

$139.87

0.93 (0.67%)

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Mexico near pact with pipeline builders, Reuters reports »

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TRP

TC Pipeline

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0.3 (0.62%)

SRE

Sempra Energy

$139.87

0.93 (0.67%)

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WB

Weibo

$42.03

4.98 (13.44%)

14:30
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NBRV

Nabriva Therapeutics

$2.13

-0.14 (-6.17%)

14:28
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Breaking Hot Stocks news story on Nabriva Therapeutics »

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  • 19

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LAZ

Lazard

$33.90

0.77 (2.32%)

14:24
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Breaking Periodicals news story on Lazard »

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LFGP

Ledyard Financial Group

$0.00

(0.00%)

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TWTR

Twitter

$41.69

1.11 (2.74%)

14:19
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Hot Stocks
Twitter says will no longer accept advertising from state-controlled news media »

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  • 19

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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KSS

Kohl's

$48.17

2.66 (5.84%)

, TJX

TJX

$51.87

0.45 (0.88%)

14:11
08/19/19
08/19
14:11
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14:11
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KSS

Kohl's

$48.17

2.66 (5.84%)

TJX

TJX

$51.87

0.45 (0.88%)

MDT

Medtronic

$103.90

1.17 (1.14%)

HD

Home Depot

$208.01

4.37 (2.15%)

03/08/13
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  • 20

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  • 04

    Sep

  • 09

    Sep

14:10
08/19/19
08/19
14:10
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14:10
General news
Treasury Action: Treasuries remain heavy »

Treasury Action:…

CHE

Chemed

$434.70

4.53 (1.05%)

14:09
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Hot Stocks
Chemed VP Michael Witzeman sells almost $2M in company shares »

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14:05
08/19/19
08/19
14:05
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14:05
General news
Fed's Rosengren said he believes monetary and fiscal policy are already accommodative »

Fed's Rosengren said…

AAPL

Apple

$211.93

5.49 (2.66%)

, MSFT

Microsoft

$138.27

2.14 (1.57%)

14:02
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14:02
Periodicals
Microsoft hires former head of Apple's Siri efforts, The Information says »

Microsoft (MSFT) has…

AAPL

Apple

$211.93

5.49 (2.66%)

MSFT

Microsoft

$138.27

2.14 (1.57%)

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  • 04

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

, AES

AES Corp.

$15.46

0.25 (1.64%)

13:44
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On The Fly
Fly Insider: Red Rock Resorts, Walgreen's among weeks notable insider trades »

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

AES

AES Corp.

$15.46

0.25 (1.64%)

GE

General Electric

$8.66

-0.13 (-1.48%)

MD

Mednax

$22.28

0.62 (2.86%)

CFR

Cullen/Frost

$85.74

0.95 (1.12%)

TWNK

Hostess Brands

$14.01

0.06 (0.43%)

WEN

Wendy's

$20.44

0.5 (2.51%)

PSA

Public Storage

$260.91

2.23 (0.86%)

AYX

Alteryx

$133.18

-0.57 (-0.43%)

WBA

Walgreens Boots Alliance

$51.40

1.3975 (2.79%)

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  • 26

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GIG

GigCapital

$10.30

(0.00%)

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AVYA

Avaya

$12.42

-0.1 (-0.80%)

13:36
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Breaking Hot Stocks news story on Avaya »

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  • 05

    Sep

RRC

Range Resources

$4.47

0.37 (9.02%)

13:35
08/19/19
08/19
13:35
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13:35
Upgrade
Range Resources rating change at MKM Partners »

Range Resources rises…

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AVYA

Avaya

$12.39

-0.13 (-1.04%)

13:33
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13:33
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13:33
Periodicals
Avaya said to get bid from Mitel, Bloomberg says »

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  • 05

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AVYA

Avaya

$12.38

-0.14 (-1.12%)

13:30
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  • 05

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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08/19
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Technical Analysis
NYSE market internals summary »

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AAPL

Apple

$211.42

4.98 (2.41%)

12:51
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08/19
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12:51
Periodicals
Apple Arcade to likely be priced at $4.99/month, 9to5Mac reports »

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FSM

Fortuna Silver Mines

$3.67

-0.01 (-0.27%)

12:48
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Fortuna Silver reports fatal accident at San Jose mine »

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SVRA

Savara

$2.23

0.03 (1.36%)

12:40
08/19/19
08/19
12:40
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12:40
Conference/Events
Savara management to meet with Jefferies »

Meeting to be held in…

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  • 22

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