Expedia price target lowered to $140 from $145 at Piper Sandler

Piper Sandler analyst Thomas Champion lowered the firm’s price target on Expedia to $140 from $145 and keeps a Neutral rating on the shares. While the company’s Q2 results were above expectations, its fiscal 2024 guidance was lowered again, the analyst tells investors in a research note. With the stock up post earnings, the firm thinks investors view the commentary as conservative.