UPDATE: Morgan Stanley Lowers Price Target on TripAdvisor to $21

By John Harris
Benzinga Staff Writer
February 09, 2012 11:55 AM

Symbols: TRIP

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Morgan Stanley, TripAdvisor (NASDAQ: TRIP) price target is lowered to $21.

Morgan Stanley said that TripAdvisor delivered disappointing 4Q EBITDA and provided 2012 guidance calling for mid- to high-teens revenue growth but zero EBITDA growth (below consensus of 20%/6%). “We reiterate our UW rating and lower our price target to $21 from $25.”

TripAdvisor closed yesterday at $34.34.

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UPDATE: Morgan Stanley Lowers Price Target on TripAdvisor to $21

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