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TripAdvisor Shares Down Following Nomura Downgrade

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In a note released Monday morning, Nomura downgraded shares of TripAdvisor (NASDAQ: TRIP) from Buy to Neutral while maintaining a $103 price target.

The firm stated that it continues to stand behind TripAdvisor's fundamentals, but warned that current levels adequately reflect the stock's value. With this in mind, Nomura suggested moving to the sidelines to wait for a more attractive entry point.

Nomura currently estimates $2.14 and $2.93, respectively, for TripAdvisor's Fiscal 2014 and 2015 EPS.

Shares of the company traded recently at $102.91, down 1.78 percent.

Latest Ratings for TRIP

DateFirmActionFromTo
Jul 2015Ascendiant CapitalMaintainsBuy
Jul 2015BarclaysUpgradesUnderweightEqual-weight
Jun 2015BarclaysInitiates Coverage onUnderweight

View More Analyst Ratings for TRIP
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Downgrades Price Target Analyst Ratings

 

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