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Priceline Group Inc Down On Evercore Downgrade, TripAdvisor Inc Higher On Upgrade

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Trip Canceled: MKM Partners Downgrades Priceline On Near-Term Concerns
Benzinga's Top Upgrades, Downgrades For December 7, 2017

In a note out Friday morning, Evercore lowered its price target on Priceline Group Inc (NASDAQ: 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 (NASDAQ: 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.

Latest Ratings for PCLN

DateFirmActionFromTo
Dec 2017MKM PartnersDowngradesBuyNeutral
Dec 2017ArgusDowngradesBuyHold
Nov 2017BarclaysMaintainsOverweight

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Posted-In: Upgrades Downgrades Price Target Analyst Ratings

 

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