Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm’s price target on TripAdvisor (TRIP) to $11 from $12 and keeps an Underweight rating on the shares post the Q3 report. The firm says TripAdvisor’s core business continues to be weighed by a deceleration in Hotel Meta, which is structural. It believes the company’s product efforts to support growth are proving less significant at Core Hotels.
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