Liberty TripAdvisor Holdings (LTRPA) PT Raised to $14.70 at Guggenheim

Guggenheim analyst Jake Fuller raised the price target on Liberty TripAdvisor Holdings (NASDAQ: LTRPA) to $14.70 (from $11.65) while maintaining a Sell rating.

Analyst says: "we are taking our PT up to reflect a recent increase in our TRIP (SELL, $63.67) PT. Highlights: 1) We are adjusting estimates to take EBITDA up as we factor in a step-up in our TRIP estimates; 2) LTRPA is currently trading at an implied discount of ~6% to the market value of its TRIP stake, which compares to an historical premium; 3) We maintain our SELL rating on LTRPA, but lift our PT from $11.65 to $14.70."

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