UPDATE: Guggenheim Upgrades TripAdvisor (TRIP) to Neutral

Guggenheim analyst Jake Fuller upgraded TripAdvisor (NASDAQ: TRIP) from Sell to Neutral..

The analyst offers three reasons for the upgrade (while noting that challenges remain but the worst appears to be over):

1. Multiple has compressed to the low end of TRIP's historical range;
2. TRIP has lapped the late-2017 OTA pullback and the first steps of its own marketing rationalization effort, and we expect less volatility in the hotel business;
3. New segmentation yields increased visibility into TRIP's emerging businesses, lending some support for bullish SOTP-based arguments.

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 $44.94 yesterday.

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