Stifel analyst Scott Devitt maintained a Hold rating and $125 price target on Expedia (EXPE) following the company's announcement that CEO Mark Okerstrom and CFO Alan Pickerill were stepping down, chairman Barry Diller and vice chairman Peter Kern would be temporarily overseeing operations, and the company had authorized a share repurchase for up to 20M shares. The analyst noted that Diller would be purchasing additional shares of Expedia and "expressed the board's confidence in the company's ability to accelerate growth in 2020." While Devitt kept a Hold rating on Expedia, he was "incrementally optimistic on the near-term opportunity in share price upside, given a potential refocusing of the business, an increased commitment in returning capital to shareholders via share repurchases, and an undemanding valuation."