Wells Fargo Starts TripAdvisor (TRIP) at Market Perform; Several Positives Muted By Uncertainties

Wells Fargo initiates coverage on TripAdvisor (Nasdaq: TRIP) with a Market Perform. PT range $31-34.

Analyst, Peter Stabler, said, "We see multiple positives in the TRIP investment case: expanding marketing opportunity, global infrastructure, engaged consumers, attractive economics, and dominant brand position. Our view tempered by client concentration, uncertainties surrounding growth trajectory, and valuation that we believe adequately reflects company's growth prospects."

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 $0.00 yesterday.

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