Nomura Securities Downgrades TripAdvisor (TRIP) to Neutral

July 14, 2014 8:09 AM EDT
Get Alerts TRIP Hot Sheet
Price: $52.16 --0%

Rating Summary:
    2 Buy, 34 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 12
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Nomura Securities downgraded TripAdvisor (NASDAQ: TRIP) from Buy to Neutral with a price target of $103.00 on valuation.

Analyst Anthony DiClemente comments, "TripAdvisor stock has increased ~30% YTD, following two quarters of positive results. We continue to stand behind the company’s fundamentals of 1) metasearch driving faster growth in user monetization, 2) continued global
user growth, and 3) instant booking path to drive higher CPCs. However, we believe valuation is full at current levels, and as such, we downgrade the stock to Neutral and await a better entry point."

For an analyst ratings summary and ratings history on TripAdvisor click here. For more ratings news on TripAdvisor click here.

Shares of TripAdvisor closed at $104.78 yesterday.

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