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TripAdvisor slips 8.2% after Guggenheim lowers estimates

Sep. 25, 2017 3:09 PM ETTripadvisor, Inc. (TRIP) StockPCN, TRIPBy: Brandy Betz, SA News Editor5 Comments
  • Guggenheim analyst Jake Fuller lowers his revenue guidance for TripAdvisor (NASDAQ:TRIP) based on The Priceline Group (NYSE:PCN) concerns.
  • Fuller lowers the 2H17 revenue growth estimate from 7% to 5% and revises cost-per-click revenue growth down from 1.5% to a decline of 1.6%. 
  • Fuller maintains his Neutral rating on TripAdvisor. 
  • TripAdvisor shares are down 8.24%.
  • Priceline shares are down 2.48%.  

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