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

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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

Feb 2018Deutsche BankMaintainsHoldHold
Jan 2018Wells FargoMaintainsMarket PerformMarket Perform
Dec 2017MKM PartnersDowngradesBuyNeutral

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Posted-In: Upgrades Downgrades Price Target Analyst Ratings


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MOSJP MorganDowngrades33.0
BACKeefe Bruyette & WoodsDowngrades29.0
AMTMorgan StanleyDowngrades170.0
EBAYMorgan StanleyDowngrades33.0
UNITMorgan StanleyDowngrades16.0
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