Image source: Priceline.com.
CLSA analyst James Lee is initiating coverage on several online travel companies, but he’s not warming up to all of the biggest names. Lee is bullish on Priceline Group (NASDAQ: PCLN) and Expedia (NASDAQ: EXPE), the industry’s leading internet-based booking gateways. However, he’s feeling bearish on TripAdvisor (NASDAQ: TRIP).