Susquehanna analyst Shyam Patil raised the firm’s price target on Expedia (EXPE) to $200 from $175 and keeps a Neutral rating on the shares. The firm said Q2 results were “solid,” driven by strength in business-to-business and advertising despite a soft U.S. travel market. Management called out that the travel environment showed signs of improvement in July and raised the fiscal year outlook as a result, the analyst also noted.
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Read More on EXPE:
- Expedia price target raised to $210 from $162 at Bernstein
- Expedia price target raised to $218 from $174 at DA Davidson
- Expedia price target raised to $200 from $175 at Susquehanna
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