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Fly News Breaks for July 26, 2019
EXPE
Jul 26, 2019 | 08:44 EDT
RBC Capital analyst Mark Mahaney raised his price target on Expedia to $177 and kept his Outperform rating after its Q2 results, saying the Bookings, Revenue, EBITDA an Room Nights growth all topped expectations. The analyst notes that while the Vrbo Bookings growth rate has slowed amid brand and platform changes, he still sees Expedia potentially accelerating its EBITDA as the company signals "subsiding" softness in its U.K. market following the Brexit decision delay.
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