TripAdvisor price target lowered to $12 from $15 at Wedbush

Core Viewpoint - Wedbush analyst Scott Devitt has lowered the price target for TripAdvisor (TRIP) to $12 from $15 while maintaining a Neutral rating on the shares due to weak Q4 results [1] Financial Performance - TripAdvisor reported Q4 results that included revenue and adjusted EBITDA below expectations [1] - The company has realigned its financial results into new reportable segments, which removes intersegment eliminations that primarily represented revenues from affiliate marketing fees paid by Viator and TheFork [1]