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Fly News Breaks for January 6, 2017
EXPE
Jan 6, 2017 | 07:00 EDT
Stifel analyst Scott Devitt upgraded Expedia to Buy from Hold saying the 10% pullback in shares since the presidential election has created an attractive entry point. The core business has stabilized and is positioned for improvement while the Orbitz integration is almost complete, Devitt tells investors in a research note. He expects Expedia's topline and margins to improve in late 2017 and into 2018. The analyst has a $130 price target for the shares. Expedia closed yesterday up 95c to $114.69.