Susquehanna analyst Shyam Patil lowered the firm’s price target on Expedia (EXPE) to $240 from $265 and keeps a Neutral rating on the shares. The firm said they reported generally solid results and outlook. They remain constructive on the long-term company’s online hotels and alternative accommodations penetration story, though they stay on the sidelines as they view the risk/reward as balanced at current levels.
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