Tripadvisor: Jefferies remains pessimistic, cuts target
(CercleFinance.com) - On Tuesday an analyst at Jefferies confirmed an "underperform" rating for the TripAdvisor share, cutting his target price to 28 dollars (12% downside potential).
"Headwinds not only hurt 3Q but are likely to persist into 2020 (and likely beyond)," the broker laments.
Jefferies says that the group is not managing to cope with "competition in the face of Google," while visibility "has diminished notably".
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