TripAdvisor price target raised to $21 from $17 at B. Riley

B. Riley raised the firm’s price target on TripAdvisor (TRIP) to $21 from $17 and keeps a Neutral rating on the shares post the Q2 report. The firm says Viator’s profitability is benefiting from an acceleration in the third party channel and higher direct traffic. However, the recovery for Brand TripAdvisor appears to have stalled, with increased traffic headwinds resulting in softer revenue and lower segment EBITDA margin, the analyst tells investors in a research note.