This Just In: TripAdvisor Stock Upgraded
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Travel research website operator TripAdvisor (NASDAQ: TRIP) reported disappointing fiscal Q2 earnings last month, and the share price has continued to weaken ever since.
TripAdvisor stock is now down a total of 14% since earnings came out, and the numbers are even worse than that already sounds. "Over the past 6 months, TRIP has underperformed [the S&P 500] by ~33%," as investment bank UBS points out today in a note on StreetInsider.com.
Source Fool.com
