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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 07:54 EDT
RBC Capital analyst Mark Mahaney raised his price target on Expedia to $143 and kept his Outperform rating after its mixed Q4 results, saying that while bookings came in light, its Room Nights growth exceeded expectations. The analyst notes that the overall fundamental trends were negative with EBITDA margin deterioration and bookings deteriorating, but he remains "modestly constructive" on the stock given its ability to sustain double-digit growth for the past two years.