In a note out Friday morning, Evercore lowered its price target on Priceline Group Inc PCLN from $1,450 to $1,350 and also went from Overweight to Equal-weight, based on concerns about competition from Google Inc.
In the same note, Evercore upped its price target on TripAdvisor Inc TRIP from $85 to $110, and raised it from Underweight to Equal-weight, citing improved efficiency.
Shares of Priceline Group Inc were lower by 2.5 percent. Tripadvisor Inc was about even for the day.
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