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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Expedia’s Strategic Shift Shows Promise Amid Cautious Outlook: Hold Rating Maintained
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!