B. Riley raised the firm’s price target on Trivago (TRVG) to $4 from $3 and keeps a Neutral rating on the shares. The company’s Q4 results were above Street expectations, with both revenue and adjusted EBITDA coming in higher, the analyst tells investors in a research note. The firm says that despite some lingering headwinds in the paid search channel, management’s turnaround strategy to revive growth through investments in branded advertising is showing traction.
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