TripAdvisor price target lowered to $11 from $12 at Cantor Fitzgerald

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.