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Fly News Breaks for February 9, 2018
EXPE
Feb 9, 2018 | 06:14 EDT
Deutsche Bank analyst Lloyd Walmsley views the post-earnings selloff in shares of Expedia as overreaction and sees a buying opportunity at current levels. The analyst, however, come away from the Q4 report with "mixed feelings." While the 2018 EBITDA guide was below expectations, Expedia can deliver towards the high end of that range while making smart investments to prepare the business for more rapid growth in 2019 and beyond, Walmsley tells investors in a research note. He reiterates a Buy rating on the shares with a $143 price target.
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