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Fly News Breaks for May 3, 2019
EXPE
May 3, 2019 | 05:27 EDT
Piper Jaffray analyst Michael Olson lowered his price target for Expedia to $160 from $165 following the company's "mixed" Q1 results. Expedia generated significant earnings upside, despite weaker revenue, primarily within Vrbo, Olson tells investors in a research note. If Expedia is able to get Vrbo back on track in the coming quarters, the company will be well positioned for "strong" continued growth into 2020, says the analyst. He maintains an Overweight rating on the shares.