Market Overview

TripAdvisor Shares Down Following Nomura Downgrade

Share:
Related TRIP
Exclusive: Airline ETF Manager Weighs In On Industry In Light Of DOJ Investigation
Do Women Have More Purchasing Power Than Men?

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
Jun 2015BarclaysInitiates Coverage onUnderweight
May 2015Guggenheim SecuritiesInitiates Coverage onBuy
May 2015JefferiesMaintainsHold

View More Analyst Ratings for TRIP
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Downgrades Price Target Analyst Ratings

 

Related Articles (TRIP)

Around the Web, We're Loving...

Get Benzinga's Newsletters