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Fly News Breaks for October 15, 2018
EXPE
Oct 15, 2018 | 16:15 EDT
Evercore ISI analyst Anthony DiClemente initiated coverage of the online travel sector with a mixed outlook, naming Expedia (EXPE) his top pick with an Outperform rating. He believes that Expedia's mix of aggressive property expansion, potentially superior profitability growth after its current investment cycle, its ownership of HomeAway, and relatively attractive valuation make it the most compelling investment in online travel, DiClemente tells investors.
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