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Fly News Breaks for February 13, 2020
TRIP
Feb 13, 2020 | 12:05 EDT
Piper Sandler analyst Michael Olson lowered his price target for TripAdvisor (TRIP) to $35 from $39 and maintained a Neutral rating following the company's Q4 results, which were "solid." However, Olson, who notes that the company sees FY20 EBITDA "at least" flat, says Google's (GOOGL) increased aggressiveness is negatively impacting TripAdvisor and the company indicated there may be some broader softness in the overall travel market.
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