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Fly News Breaks for May 26, 2015
EXPE
May 26, 2015 | 09:07 EDT
BofA/Merrill raised Buy rated Expedia's price target to $125 from $109 following the sale of its majority position in eLong for $671M. The firm said the sale will simplify Expedia's consolidated financials and highlights shareholder friendly actions by the company.
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