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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 07:08 EDT
Credit Suisse analyst Stephen Ju raised his price target for Expedia to $161 from $159 following the company's Q4 results. In a research note to investors, Ju says he is maintaining Outperform rating based on marketing leverage and ensuing operating margin improvement due to rising conversion on improved shopping experience, incremental gross booking/free cash flow dollars from VRBO as Expedia continues to take down friction and integrate inventory and optionality for faster product innovation following full transition to cloud.