BofA lowered the firm’s price target on Expedia (EXPE) to $303 from $326 and keeps a Buy rating on the shares ahead of the company’s earnings report due on February 12. The November Government shutdown is a “modest headwind risk,” but the firm expects “a healthy 4Q print” with $26.2B in bookings, representing 7.5% year-over-year growth, and 7%-8% nights growth, the analyst tells investors in a preview.
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