Expedia price target raised to $125 from $108 at UBS

UBS analyst Lloyd Walmsley raised the firm’s price target on Expedia to $125 from $108 and keeps a Neutral rating on the shares as part of a broader research note previewing Q4 results for online travel names. The travel recovery is holding up better than feared, despite concerns on how the macro environment could weigh on leisure travel, the analyst tells investors in a research note. UBS states however that while the stock "looks cheap", the firm remains concerned regarding Expedia’s potential investment cycle into loyalty point expansion.