In a report published Wednesday, Morgan Stanley analyst Scott Devitt reiterated an Equal-Weight rating on TripAdvisor TRIP.
In the report, Morgan Stanley noted, “Although we are surprised by the deceleration in hotel shopper growth to 25% Y/Y, achievement of meta revenue neutrality coupled with solid 2014 guidance of mid 20's revenue & EBITDA growth make us incrementally positive on TripAdvisor shares. We raise our base case from $76 to $90.”
TripAdvisor closed on Tuesday at $84.20.
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