JPMorgan Cuts TRIP Target Price to $10

Analysts at JPMorgan Chase & Co. have cut their target price for TripAdvisor (NASDAQ:TRIP) to $10.00, down from $11.00. The firm currently has an 'underweight' rating on the travel company's stock.

This is not the first time a major brokerage has reduced its target price for TRIP. In June, DA Davidson raised their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a 'neutral' rating in a research report.

UBS Group also recently raised their price objective on TripAdvisor from $13.70 to $15.00 and gave the company a 'neutral' rating in a report. However, not all analysts are as optimistic about TRIP's prospects.