Bank of America upgraded TripAdvisor from Neutral to Buy, raising its price target to $15 due to Starboard Value's increased board influence and a strategic review of TheFork. The firm sees Viator and TheFork as potentially worth over $2.5 billion combined, nearly double TripAdvisor's current value. Despite legacy brand challenges and declining hotel search revenue, Viator and TheFork show strong revenue growth and margin expansion. TheFork's sale process and Starboard's board control provide clear catalysts for unlocking value, though risks remain from the shrinking legacy segment.
Red Light Holland, after acquiring Filament Health, has expanded its capabilities in pharmaceutical-grade psilocybin development. Filament completed a shipment of its botanical psilocybin drug candidate, PEX010, to the European Union to support multi...
In Q2 2026, Longleaf Small-Cap Fund saw positive contributions from New York real estate firms Alexander’s and Empire State Realty Trust, as well as travel company Tripadvisor. However, Boston Beer negatively impacted the quarter due to mixed short-t...
