TripAdvisor (NASDAQ:TRIP) Shares Gap Up After Analyst Upgrade

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TripAdvisor (NASDAQ:TRIP) shares gapped up after Bank of America upgraded the stock from Neutral to Buy, setting a new price target of $15.00. This upgrade follows a period of mixed analyst sentiment and a recent quarterly earnings miss, where the company reported $0.04 EPS against an estimated $0.15. Institutional investors hold approximately 99% of the company’s shares.

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