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Fly News Breaks for February 14, 2020
TRIP
Feb 14, 2020 | 09:34 EDT
Needham analyst Brad Erickson lowered his price target on TripAdvisor to $39, saying traffic headwinds drove Q4 earnings and outlook below consensus estimates while the impact of coronavirus is being felt to start the new year. The analyst also keeps his Buy rating on TripAdvisor given its strategic value to a potential acquirer "at some point", along with its "glimpses of growth" and margin expansion expectations.
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