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Fly News Breaks for April 4, 2018
EXPE
Apr 4, 2018 | 07:00 EDT
DA Davidson analyst Tom White initiated Expedia with a Buy rating and a price target of $132. White believes that after a 17% pullback in the stock price, Expedia is positioned to "consistently outperform expectations" over the second half of 2018. The analyst sees greater clarity in the company CEO's vision for growth through increased lodging supply, deeper customer focus through technology and personalization, and faster execution. White also expects the increased supply to accelerate Expedia's room night growth and market share gains, driving margin leverage through improved customer retention.