TripAdvisor price target lowered to $13 from $18 at B. Riley

B. Riley lowered the firm’s price target on TripAdvisor (TRIP) to $13 from $18 and keeps a Neutral rating on the shares. TripAdvisor’s legacy Hotel & Other segment faces ongoing secular pressures, while Experiences GBV grows double-digit but lags competitor GetYourGuide, leaving uncertainty around narrowing the gap, the analyst tells investors in a research note. Management’s review of TheFork for a potential $380M sale is positive, though a possible proxy fight with activist Starboard Value could create near-term distractions, the analyst tells investors in a research note.