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Fly News Breaks for November 5, 2015
EXPE, AWAY
Nov 5, 2015 | 06:57 EDT
Oppenheimer analyst Jed Kelly upgraded Expedia (EXPE) to Outperform saying the acquisition of HomeAway (AWAY) is "highly accretive." The purchase price suggests a fair valuation and should drive superior long-term earnings growth for Expedia, Kelly tells investors in a research note. He has a $157 price target for shares.
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