TripAdvisor price target lowered to $13 from $14 at Barclays

Barclays lowered the firm’s price target on TripAdvisor (TRIP) to $13 from $14 and keeps an Underweight rating on the shares following the Q3 report. The firm says the revenue miss, guidance cut and restructuring “mark another milestone” as TripAdvisor migrates from more challenged legacy offerings to higher growth experiences. It sees this as a difficult transition to navigate as a public company.