BofA raised the firm’s price target on Expedia (EXPE) to $166 from $144 and keeps a Neutral rating on the shares. While U.S. travel trends remained subdued, the Street likely expects “meet/beat” bookings growth versus the Street call at 4%, with a possible VRBO recovery to year-over-year growth a key positive, says the analyst, who is “slightly raising” Q3 bookings forecast ahead of the company’s report.
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