RBC Capital Downgrades TripAdvisor (TRIP) to Sector Perform

RBC Capital downgraded TripAdvisor (NASDAQ: TRIP) from Outperform to Sector Perform and maintains a price target of $91.00.

Analyst Mark Mahaney cited four key factors: 1. Portfolio preference for PCLN & EXPE; 2. Heightened risk with TRIP’s rev concentration; 3. Greater concern over TRIP’s Display Advertising segment; and 4. Valuation that is reasonable, but not as compelling as at beginning of year.

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 $79.91 yesterday.

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