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Fly News Breaks for January 18, 2017
EXPE
Jan 18, 2017 | 09:13 EDT
Miller Tabak analyst Manish Hemrajani initiated Liberty Expedia with a Strong Buy and a $150 price target saying risk/reward is "compelling" at current levels. The analyst believes Expedia is now well positioned to gain traction on multiple fronts given secular growth in the online travel industry, by aggressively expanding its supplier network in International markets where it remains under-indexed, and unlocking the growth potential of HomeAway under Brand Expedia.
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