Expedia price target lowered to $150 from $175 at BTIG

BTIG lowered the firm’s price target on Expedia (EXPE) to $150 from $175 and keeps a Buy rating on the shares as part of a broader research note on Digital Services. The analyst cites ongoing VRBO pressure in Q1, with Expedia hotel bookings rising 12% but VRBO estimated to fall 6%-8%. Market share has been a key debate, and Booking Holding (BKNG) is growing faster on bookings, the firm tells investors in a research note.