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Fly News Breaks for May 6, 2019
EXPE
May 6, 2019 | 09:15 EDT
As previously reported, Susquehanna analyst Shyam Patil downgraded Expedia to Neutral from Positive, stating that he doesn't see a catalyst to move the stock higher and doesn't think estimate will move up in the near-term following the company's Q1 earnings report last week. Patil, who sees softness in the unit formerly known as HomeAway introducing some uncertainty, lowered his price target on Expedia shares to $141 from $170.
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