BTIG analyst Jake Fuller lowered the firm’s price target on Expedia (EXPE) to $210 from $235 and keeps a Buy rating on the shares. Despite Q1 earnings beat, the company’s booked room-nights and gross bookings were light, the analyst tells investors in a research note. Booking Holdings (BKNG) is better positioned geographically, but Expedia is cheap and the firm remains comfortable in its EPS growth prospects, the firm adds.
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