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Fly News Breaks for April 24, 2017
EXPE
Apr 24, 2017 | 06:22 EDT
Piper Jaffray analyst Michael Olson believes Expedia's Q1 EBITDA may be slightly below consensus when the company reports on April 27. This is consistent with investor expectations, however, and Expedia is likely to keep unchanged its FY17 EBITDA guidance, Olson tells investors in a pre-earnings research note. He recommends investors own the shares ahead of an acceleration in year-over-year room night growth in Q2. The analyst maintains an Overweight rating on Expedia with a $144 price target.