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UPDATE: Morgan Stanley Upgrades TripAdvisor to Overweight; Concerns Addressed

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5 Biggest Price Target Changes For Thursday

Morgan Stanley raised its rating on TripAdvisor (NASDAQ: TRIP) from Underweight to Overweight and increased its price target from $31 to $41.

Morgan Stanley said, "We believe management is altering its monetization strategy for the better by testing a meta display and improving bidding visibility for advertisers. We expect hotel shopper growth to remain robust and pricing headwinds to dissipate, leading to TRIP meaningfully beating 2013 consensus estimates."

TripAdvisor closed at $34.31 on Friday.

Latest Ratings for TRIP

DateFirmActionFromTo
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Aug 2017BarclaysMaintainsEqual-Weight
Aug 2017BarclaysMaintainsEqual-Weight

View More Analyst Ratings for TRIP
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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