TripAdvisor deal a sign of strong near-term trends, says Piper Jaffray

theflyonthewall.com

Piper Jaffray believes Barry Diller's acquisition of shares at a premium is likely a sign that TripAdvisor's near-term business trends are solid. Piper expects the transaction to have no impact on the company's operations and keeps an Overweight rating on the name.

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