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Fly News Breaks for February 8, 2019
EXPE
Feb 8, 2019 | 05:25 EDT
Piper Jaffray analyst Michael Olson raised his price target for Expedia to $165 saying the company's EBITDA and bookings topped expectations in Q4. It appears Expedia has reached a point where visibility has improved relative to both top-line trends and ongoing spending initiatives, Olson tells investors in a post-earnings research note. Further, the analyst sees the company's hotel inventory acquisition efforts as the right long-term move for the business. He maintains an Overweight rating on Expedia.
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