B. Riley starts Expedia at Buy, positive on improved execution, margin expansion

As previously reported, B. Riley analyst Naved Khan initiated coverage of Expedia with a Buy rating and $160 price target. The analyst is positive on the company’s leading position across key markets, improved execution resulting in clawback of U.S. market share, tailwinds in its tech stack changes, momentum in B2B, and margin expansion through cost leverage and marketing efficiencies.