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Trivago price target lowered to $1.40 from $2 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Trivago to $1.40 from $2 and keeps a Neutral rating on the shares. The company reported weak Q3 results, largely reflecting the adverse impact of lower monetization as well as headwinds from Google ad format changes, the analyst tells investors in a research note. The firm remains on the sidelines citing a lack of visibility and near-term catalysts.

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