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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"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".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.