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Online travel business rosy, analyst says

TripAdvisor expects more leisure travel. Above, Paris’s Arc de Triomphe.

Charles Platiau/Reuters

TripAdvisor expects more leisure travel. Above, Paris’s Arc de Triomphe.

Online travel sites showed strength after a Deutsche Bank analyst, Ross Sandler, raised his rating on to “buy,” Fox Business reported, and increased his price target to $900 a share. He also raised his target for Newton-based TripAdvisor Inc., to $68 a share, from $60. TripAdvisor last week released its 2013 summer travel survey of more than 1,200 US respondents; 86 percent plan a leisure trip this summer, a 7 percent increase over last year, TripAdvisor said.

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