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Fly News Breaks for February 13, 2017
EXPE
Feb 13, 2017 | 09:01 EDT
Benchmark analyst Daniel Kurnos said Expedia's initial 2017 guidance for 10-15% EBITDA growth includes an anticipated $110M to be spent on cloud migration that was not being accounted for in consensus forecasts. However, "weeding through the noise," he believes core fundamentals appear to be improving and he keeps a Buy rating on Expedia shares and raises his price target on the stock to $160 from $150.
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