BofA analyst Justin Post raised the firm’s price target on Expedia (EXPE) to $143 from $138 and keeps a Buy rating on the shares. Compared to peer Booking (BKNG), which the firm downgraded to Neutral this morning, BofA sees less tail risk of a severe travel recession for Expedia and cites "constructive" SensorTower app traffic data for Q4.
Published first on TheFly
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