Expedia price target lowered to $350 from $360 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Expedia (EXPE) to $350 from $360 and keeps a Buy rating on the shares. The firm adjusted targets in the online travel space as part of a Q1 preview. Riley expects the sector’s performance to be in line with expectations. However, headwinds to growth will emerge over the coming quarters due to the war in the Middle East, the analyst tells investors in a research note. It reduced estimates for Expedia as a result of the war.