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Fly News Breaks for June 21, 2018
EXPE
Jun 21, 2018 | 08:14 EDT
Wells Fargo analyst Peter Stabler raised his price target for Expedia (EXPE) to $160 from $130 on cloud migration analysis. Based on company disclosures and his analysis of the TCO of on-premises data center technology versus the Amazon (AMZN) Web Services cloud, the analyst believes that by the end of 2018, Expedia will likely be in the later "innings" of its multi-year cloud technology migration. Stabler reiterates an Outperform rating on Expedia's shares.
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