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Fly News Breaks for December 5, 2019
EXPE
Dec 5, 2019 | 07:36 EDT
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.
News For EXPE From the Last 2 Days
EXPE
Feb 14, 2020 | 16:25 EDT
Stocks spent the day trading around the flatline after data showing that U. S... To see the rest of the story go to thefly.com. See Story Here
EXPE
Feb 14, 2020 | 12:34 EDT
Stocks are flat at midday after data showing that U. S... To see the rest of the story go to thefly.com. See Story Here
EXPE
Feb 14, 2020 | 10:20 EST
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Expedia (EXPE) upgraded to Buy from Hold at Benchmark with analyst Daniel Kurnos saying although the quarterly results were somewhat disappointing, "Chairman Barry Diller's timing was impeccable, as the prior management team now gets to take the fall for the results." 2. Duke Energy (DUK) upgraded to Neutral from Underperform at BofA with analyst Julien Dumoulin-Smith saying his prior thesis was underpinned by the negative earnings revision risk due to potential lack of execution and lower quality renewable earnings, with the stock having underperformed the sector index IXU by about 15%. 3. Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster saying the company posted "slightly disappointing" Q4 results with tariff, currency and product mix weighing on overall margins, which is expected to extend into Q1 and less so in Q2. 4. Credit Suisse (CS) upgraded to Buy from Hold at Societe Generale. 5. BlackLine (BL) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin saying he sees "strong momentum" for the company entering 2020 with several potential upside levers, including SAP Solex deal momentum, mix shift to strategic automation products, and direct sales investments that are starting to bear fruit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
EXPE
Feb 14, 2020 | 07:14 EST
Benchmark analyst Daniel Kurnos upgraded Expedia to Buy from Hold with a $155 price target. Although the quarterly results were somewhat disappointing, "Chairman Barry Diller's timing was impeccable, as the prior management team now gets to take the fall for the results," Kurnos tells investors, adding that he expects Expedia will be "given a pass" for at least the next six months. While he suspects it may take some time to get growth back to a more reasonable level, shares are trading at a valuation well below historical norms and he sees the stock being at the "start of another leg higher," Kurnos said.