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Fly News Breaks for January 5, 2016
EXPE, IACI
Jan 5, 2016 | 07:25 EDT
Guggenheim analyst Jake Fuller added IAC (IAC) to the Best Ideas List and removed Expedia (EXPE). Fuller said IAC remains a favorite given attractive valuation, clear organic momentum, hidden value in Trivago, and margin expansion potential. The analyst said Expedia was a big performer in 2015 and remains a favorite, but the bar is set higher in 2016 and acquisitions will likely weigh on headline numbers throughout the year along with the turmoil in Europe.