JPM cuts Trivago, says Booking Holdings still favorite

trivago NV

22/03/2018 11:20

** Trivago NV  TRVG.O  shares down 2.4 pct at $7.63
premarket after J.P.Morgan's Doug Anmuth cuts to "underweight"
from "neutral", saying hotel metasearch will remain challenged
    ** Feb. hotel trends look solid, says Anmuth, reiterates
Booking Holdings  BKNG.O  as favorite online travel company 
    ** "Overweight" rated BKNG has best fundamentals with strong
execution, while Expedia  EXPE.O  and TripAdvisor  TRIP.O  need
more confidence in their ability to execute - analyst
    ** TRIP's narrative is increasingly focused on hotel
segment, which is still facing tough turnaround - analyst
    ** Anmuth expects hotel metasearch in general to remain
under pressure from large advertisers looking to improve ad
efficiency and to a lesser degree from Google  GOOGL.O  pushing
deeper into the travel funnel

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM:Shreyashi.Sanyal@thomsonreuters.com))