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Fly News Breaks for February 21, 2018
EXPE
Feb 21, 2018 | 09:32 EDT
MKM Partners analyst Rob Sanderson lowered his price target on Expedia to $101 and kept his Neutral rating, citing the company's soft Q4 earnings and a "meaningful reset" of its EBITDA growth expectations. Sanderson contends that while Expedia is a quality asset with a strong secular position in the travel ecosystem, its "cyclical issues" will remain a headwind for the stock this year.
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