TripAdvisor price target lowered to $13 from $14 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on TripAdvisor (TRIP) to $13 from $14 and keeps an Underweight rating on the shares. TripAdvisor reported Q4 results with revenue and EBITDA 3% and 26% above Street estimates, respectively, the analyst tells investors in a research note. While TripAdvisor’s Core business is making sequential progress, questions remain on the long-term fundamental outlook at Hotel Meta, and Cantor says it also has concerns on the company’s structural long-term challenges.