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Fly News Breaks for April 3, 2018
EXPE
Apr 3, 2018 | 17:36 EDT
As reported earlier, Wedbush analyst James Hardiman initiated Expedia with a Neutral rating and a price target of $117. The analyst says that while the prospects of returns on increased investment appear "compelling", they may not materialize until "at least" the second half of this year. In the mean time, Hardiman points to elevated costs from the spending weighing on shares, adding that the current valuation does not warrant a more bullish view.
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