Fly News Breaks for July 31, 2019
Jul 31, 2019 | 08:01 EDT
Argus analyst John Staszak upgraded Expedia to Buy with a price target of $160 after its Q2 earnings beat, saying the trend of online travel bookings should continue to benefit the company's Expedia.com, Hotels.com, Orbitz, and Vrbo brands. The analyst also raises his FY19 and FY20 EPS view by 30c and $1.05 to $7.10 and $8.95 respectively, adding that the stock's earnings multiple of 19.0-times remains near the low end of its five-year historical range of 17- to 36-times.
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