Ascendiant analyst Edward Woo raised the firm’s price target on Expedia to $168 from $133 and keeps a Buy rating on the shares. The analyst believes traveling and the travel industry “has now returned back to normal” and will continue to grow stronger. Expedia, as one of the world’s largest online travel agencies, is in good position to capture a significant share of the economics within the travel industry, the analyst tells investors in a research note.
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