Wells Fargo raised the firm’s price target on Expedia to $149 from $143 and keeps an Equal Weight rating on the shares. The firm says that post weaker Airbnb (ABNB) and Booking Holdings (BKNG) U.S. results, it was little surprise that Expedia’s (EXPE) results came in softer. Wells notes Q2 outlook assumes no improvement from a weaker April. Comparable sales do get tougher throughout the year, but the firm looks to become more constructive on signs of stabilization.
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Read More on EXPE:
- Expedia price target raised to $190 from $187 at Barclays
- Expedia downgraded to Underweight from Neutral at Piper Sandler
- Expedia Downgraded to Underweight Amid Weak Growth and Market Challenges
- Expedia Group Reports Steady Growth Amid Challenges
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