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6 stories mentioning TRIP

Every FINWIRES story that references TRIP, newest first.

Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Monday

Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.7% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 1.5%.Amazon.com (AMZN) shares were up more than 2% after the company said it has completed the issuance of approximately 13.97 billion Canadian dollars ($9.99 billion) in aggregate notes across multiple maturities as part of a registered debt offering.American Express (AXP) signed a put option agreement to acquire TheFork, an online restaurant reservation and management platform in Europe, from Tripadvisor (TRIP) for $700 million in cash, the companies said. Tripadvisor stock was up more than 11% premarket.Bath & Body Works (BBWI) Chief Executive Officer Daniel Heaf aims to help the company win over younger consumers, The Wall Street Journal reported, citing an interview with the CEO. Shares of Bath & Body Works were up 0.7% pre-bell.

$AMZN$AXP$BBWI$TRIP$XLP$XLY
Wire

TripAdvisor Has 'Underappreciated' Catalysts, Wedbush Says

TripAdvisor (TRIP) presents several "underappreciated" catalysts, offering an attractive entry point to a global online travel leader, Wedbush said in a note Tuesday.Among the catalysts are shareholder activist involvement by Starboard Value, which has an over 9% stake in the company and a cooperation agreement for board seats, the note said.Also, TripAdvisor has an ongoing strategic alternatives review process for TheFork, a non-core segment that Wedbush values at about $1 billion, the report said.The note also pointed to a "high-growth" Experiences division, which trades at a "significant" discount."For investors seeking exposure to a global online travel leader at a dislocated valuation with multiple potential catalysts on the horizon we believe TripAdvisor offers an attractive entry point at current levels," the report said.Wedbush assumed coverage of TripAdvisor with an outperform rating and $19 price target.Price: $11.95, Change: $-0.15, Percent Change: -1.28%

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Research

Wedbush Upgrades TripAdvisor to Outperform From Neutral, Adjusts Price Target to $19 From $12

TripAdvisor (TRIP) has an average rating of hold and mean price target of $12.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

TripAdvisor Shares Rise Even After Company Swings to Q1 Non-GAAP Loss, Posts Lower Revenue

TripAdvisor's (TRIP) shares were up 2.7% in Thursday trading even after the company swung to a Q1 non-GAAP loss and posted lower revenue.The company reported a Q1 non-GAAP loss of $0.11 per diluted share, swinging from earnings of $0.14 a year earlier.Analysts polled by FactSet expected a loss of $0.07.Revenue for the quarter ended March 31 was 382.4 million, down from $398.2 million a year earlier.An analyst surveyed by FactSet expected $382.4 million.Price: $11.48, Change: $+0.30, Percent Change: +2.68%

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Research

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of TRIP, an online travel agency, due to a shift in investor focus. Our previous recommendation on shares of TRIP was Hold.

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Research

Research Alert: CFRA Drops Stars Coverage Of Tripadvisor Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of TRIP, an online travel agency, due to a shift in investor focus. Our previous recommendation on shares of TRIP was Hold.

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