RBC Capital analyst Mark Mahaney lowered his price target on Expedia to $125, reflecting his declining optimism amid a "surprise" announcement of long-term executives leaving the company due to "strategic disagreements" with its Board. The analyst notes that while the stock rose over 6% yesterday on "value creation opportunities" coming from the company's reorganization plan - which may include a sale of poor-performing businesses like Trivago - the company still faces challenges that go unresolved with departed management. Mahaney still keeps his Outperform rating on Expedia however, citing its "highly attractive" valuation.