Speculatively Bullish Options Activity in TripAdvisor (TRIP) -Susquehanna
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Credit Suisse Downgrades TripAdvisor (TRIP) to Underperform; Deteriorating Earnings Profile
June 19, 2017 6:12 AM EDTCredit Suisse downgraded TripAdvisor (NASDAQ: TRIP) from Neutral to Underperform with a price target of $34.00 (from $40.00).
Analyst Paul Bieber cited:
1) higher 2018 TV ad spend in our model (now $150mn vs. $115mn previously), resulting in a 10% decline in 2018 EBITDA and a likely a... More
