DA Davidson analyst Tom White raised the firm’s price target on Expedia (EXPE) to $218 from $174 but keeps a Neutral rating on the shares. The company reported a “strong” Q2 as its B2B and Ads businesses were key growth drivers, up 17% and 19%, respectively, buoyed by their higher International mix relative to Expedia’s B2C business, the analyst tells investors in a research note. Expedia B2C growth remained muted however due in part to a soft U.S. performance, the firm added.
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