TripAdvisor (TRIP) PT Raised to $63 at Credit Suisse Following 3Q
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Price: $12.36 -4.7%
Rating Summary:
10 Buy, 29 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
10 Buy, 29 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Credit Suisse analyst Stephen Ju raised the price target on TripAdvisor (NASDAQ: TRIP) to $63.00 (from $51.00) while maintaining a Neutral rating following the company's 3Q earnings report. TripAdvisor reported 3Q18 earnings results with revenue and Adjusted EBITDA at $458mm and $146mm vs. cons $468.5mm and $116.6mm.
FY18 revenue and adjusted EBITDA estimates are now $1.6b/$410.9mm vs. $1.62b/$389.4mm prior.
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