Expedia price target raised to $155 from $138 at Argus

Argus analyst John Staszak raised the firm’s price target on Expedia to $155 from $138 and keeps a Buy rating on the shares. The company reported solid bookings in Q2 with strong demand internationally, even though the management warned that travel demand this summer is softening, the analyst tells investors in a research note. Argus adds however that the firm expects Expedia to benefit from the growth of its VRBO vacation rentals segment as well as its loyalty program.