Barclays Initiates Tripadvisor With Underweight

Barclays initiated coverage on Tripadvisor Inc TRIP with a Underweight rating. The target price for Tripadvisor is set to $68. Tripadvisor shares have dropped 23.18 percent over the past 52 weeks, while the S&P 500 index has surged 9.43 percent in the same period. Tripadvisor shares fell 0.25 percent to close at $76.32 yesterday.