trivago (TRVG) IPO Opens Modestly Higher
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Susquehanna Raises Price Target on Expedia (EXPE) to $166
December 20, 2016 6:44 AM ESTSusquehanna reiterated a Positive rating on Expedia (NASDAQ: EXPE), and raised the price target to $166.00 (from $160.00), after updating estimates.
Analyst Shyam Patil commented, "For 2016, we are leaving our revenue and EBITDA estimates largely unchanged, but are raising EPS by 1%. For 2017, we are lowering... More
Susquehanna Starts trivago N.V. (TRVG) at Neutral
December 20, 2016 6:10 AM ESTSusquehanna initiates coverage on recent IPO trivago N.V. (NASDAQ: TRVG) with a Neutral rating and a price target of $14.00.
Analyst Shyam Patil highlighted:
Trivago priced its IPO late last week and the stock started trading on Friday. The IPO priced at $11, which was 21% ($3) below the mid-point of the original $13-15 range. The stock closed at $11.85 on Friday, up 8%.Trivago is one of the leading Big 5 players in the travel metasearch space and is well positioned to capitalize on the secular shift from offline to online accommodations bookings and advertising... Moretrivago (TRVG) IPO Prices Below Expected Range
December 16, 2016 8:38 AM ESTtrivago (NASDAQ: TRVG) priced its initial public offering of 26.1 million ADSs at $11, below the expected range of $13-$15. Shares are expected to open at approximately 10:50AM ET on the NASDAQ today.
trivago is being spun-out of Expedia (NASDAQ:... More
