Barclays analyst Mario Lu lowered the firm’s price target on Expedia to $128 from $137 and keeps an Overweight rating on the shares. The stock dropped 16% post-earnings due to a bookings miss of $1B, the analyst tells investors in a research note. However, the company provided bookings guidance for Q3, which de-risks the probability for a similar scenario next print, says the firm. It likes Expedia’s risk/reward at current levels.
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Read More on EXPE:
- Expedia (NASDAQ:EXPE) Tanks On Q2 Topline Miss
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