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Fly News Breaks for April 30, 2018
EXPE
Apr 30, 2018 | 07:30 EDT
MKM Partners analyst Rob Sanderson raised his price target on Expedia to $122 after its Q1 earnings beat, saying room night growth rate of 15% was also solid thanks in part to the timing of Easter relative to last year. Sanderson adds that bookings and revenues are also trending ahead of the company's internal and also consensus expectations. The analyst keeps his Neutral rating on Expedia, noting the company is a "strong number two in an important Internet vertical" and should maintain its in-line performance.