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Expedia price target raised to $120 from $115 at RBC Capital
The Fly

Expedia price target raised to $120 from $115 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on Expedia to $120 from $115 and keeps a Sector Perform rating on the shares. The company’s Q4 report was "mixed" with better-than-feared FY23 guidance and "encouraging" management tone regarding the platform migration & loyalty initiative against a miss on EBITDA and continuing rom night share losses, the analyst tells investors in a research note. The firm adds that the margin expansion story likely continues to play out for Expedia, but it also sees the stock as roughly fairly valued at current levels.

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