Information Provided By:
Fly News Breaks for November 5, 2015
Nov 5, 2015 | 08:55 EDT
After Expedia (EXPE) agreed to buy HomeAway (AWAY), Cantor thinks the deal will enable Expedia to compete more effectively in the online travel agency market. The firm thinks the deal will boost Expedia's EBITDA and its strategic performance over the medium and longer term. It keeps a $150 price target and Buy rating on the shares.