Morgan Stanley Sees the Path Getting Brighter for TripAdvisor

In a report published Wednesday, Morgan Stanley analyst Scott Devitt reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Although we are surprised by the deceleration in hotel shopper growth to 25% Y/Y, achievement of meta revenue neutrality coupled with solid 2014 guidance of mid 20's revenue & EBITDA growth make us incrementally positive on TripAdvisor shares. We raise our base case from $76 to $90.” TripAdvisor closed on Tuesday at $84.20.