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Fly News Breaks for September 9, 2019
Sep 9, 2019 | 08:41 EDT
Guggenheim analyst Jake Fuller said the set-up for Expedia (EXPE) into the company's Q3 earnings report "does not look to be shaping up well," as his checks suggest a soft start to the quarter in the OTA business, he sees signs of ongoing pressure at VRBO - formerly Homeaway - and the fact that Trivago (TRVG) talked down Q3 given pressure in Europe. He continues to see Expedia shares as appealing and senses that investor expectations are low, but concedes that near-term headwinds are mounting, Fuller concluded. He keeps a Buy rating on Expedia shares with a $162 price target.
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