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Fly News Breaks for March 10, 2016
EXPE
Mar 10, 2016 | 05:37 EDT
Piper Jaffray analyst Michael Olson upgraded Expedia to Overweight saying the company's core business is perform well while its acquisition of HomeAway should drive EBITDA upside. Expedia's guidance for $350M of EBITDA from HomeAway in 2018 is "overly conservative," Olson tells investors in a research note. He raised his price target for the shares to $140 from $130. The online travel company closed yesterday up 83c to $105.69.
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