RBC Capital analyst Brad Erickson raised the firm’s price target on Expedia (EXPE) to $200 from $180 and keeps a Sector Perform rating on the shares. The company’s Q2 was slightly better than Street estimates but much better than feared after reads from Airbnb (ABNB) and Booking Holdings (BKNG) screened less positive on U.S. travel in particular, which likely drove outsized positioning into the print, the analyst tells investors in a research note.
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