JG Capital Reiterates Overweight Rating, $50 PT on TripAdvisor Before 4Q12 Report Tonight
In a report published Wednesday, JG Capital reiterated its Overweight rating and $50.00 price target on TripAdvisor (NASDAQ: TRIP).
JG Capital noted, “TripAdvisor (TRIP) reports tonight and we are expecting solid results and guidance. We think TRIP is one of the best plays in the online travel space. We also think consensus estimates for 13E appear too conservative thus a beat and raise is very likely.”
TripAdvisor closed on Tuesday at $46.66.
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