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Fly News Breaks for February 9, 2018
EXPE
Feb 9, 2018 | 07:32 EDT
UBS analyst Eric Sheridan said the weakness in Expedia following its Q4 results is overdone. The analyst thought last quarter's results "cleared the decks" but he said management found incremental investments that will push costs way ahead of investor expectations. Sheridan maintained his Buy rating, but lowered his price target to $150 from $160 on Expedia shares.
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