Expedia price target raised to $174 from $172 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the firm’s price target on Expedia to $174 from $172 and keeps an Outperform rating on the shares. Expedia’s Q2 results were mixed with a revenue shortfall due to lower gross bookings, offset by strength in B2B, the analyst tells investors in a research note. The firm sees the potential for faster product innovation and bookings growth following completion of Expedia’s tech replatforming.