Susquehanna Upgrades TripAdvisor (TRIP) to Neutral

February 28, 2014 6:29 AM EST
Get Alerts TRIP Hot Sheet
Price: $41.00 -0.92%

Rating Summary:
    10 Buy, 29 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
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Susquehanna upgraded TripAdvisor (NASDAQ: TRIP) from Negative to Neutral with a price target of $90.00 (from $67.00).

"We have admittedly been wrong about TripAdvisor’s stock over the past year," analyst Brian Nowak said. "We still think there are risks to hotel shopper growth, which is likely to continue decelerating given the more difficult compares. But with the company reaching "meta neutrality" in December, shopper growth may not matter if the click-based revenue results end up being better than expected."

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 $99.72 yesterday.

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